Klaus-Michael Kühne transformed Kuehne+Nagel from a small family freight forwarder into a global logistics leader, while becoming one of shipping’s most influential investors through his long association with Hapag-Lloyd and the wider maritime industry

Piracy off Somalia’s coast has burst back into life in recent months, with six vessels hijacked since April 2026

Carriers have begun returning gradually to the Red Sea during the past few months, including Maersk and Hapag-Lloyd, which have routed some of their Gemini services through the waterway

The incident took place less than 10 miles off the Omani coast, within the southern Omani-controlled route through the Strait of Hormuz

Conflict in Hormuz did little to dampen transits through the SOMS in the first half of the year. But a throttle in this crucial waterway could trigger a bigger impact than Hormuz on global trade

Washington has expanded its sanctions arsenal against Iran and designated nearly 60 entities, vessels and individuals, but stopped short of immediately targeting key trading partners, raising questions over the credibility of its threatened economic offensive