Hapag-Lloyd says the pending merger with UASC to be considered as a ‘strategic milestone’ for the company. With this merger, Hapag-Lloyd will not need to make any more investments in large vessels in the next few years.
Hoover Container Solutions (“Hoover”), Ferguson Group (“Ferguson”) and CHEP Catalyst & Chemical Containers (“CCC”), three providers of container solutions products in the energy, petrochemical and general industrial markets have announced that they are merging to form Hoover Ferguson Group (“HFG”)
Hapag-Lloyd and UASC signed a Business Combination Agreement to confirm their merger which was officially announced in early July. Combined company will rank among the world's five largest liner shipping companies and will operate one of the most modern fleets in the industry. Company will operate 237 vessels with total transport capacity of around 1,6 million TEU
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Neptune Oriental Lines (NOL) of Singapore by rival CMA CGM. The clearance is conditional upon NOL leaving the G6 liner shipping alliance.
BSR's Clean Cargo Working Group (CCWG) and the Clean Shipping Index (CSI)-the two leading environmental reporting initiatives for ships and ship operators-signed a memorandum of understanding to collaborate for cleaner, more efficient shipping.