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Countdown: The top shipping stories of 2017

Major challenges mixed with significant developments made 2017 an interesting year for the maritime industry. The agenda of events included from rise of technology trends and vessel automation, to cyber security issues and piracy revival.

Euronav, Gener8 Maritime agree to merge

The Boards of Euronav and Gener8 Maritime announced that they have reached an agreement on a merger for the entire share capital of Gener8, which will become a whollyowned subsidiary of Euronav.

Det Norske Veritas assumes full ownership of DNV GL

The Norwegian Foundation Stiftelsen Det Norske Veritas has bought German Mayfair’s 36.5% shares in DNV GL Group. The Foundation sees assuming full ownership of DNV GL as the best investment to fulfill its purpose of safeguarding life, property and the environment and to realize its strategy.

Alliances, mergers key features of container shipping in 2018

Consolidation, whether through alliances or mergers and acquisitions, will continue apace in the container shipping industry into 2018, as companies try to boost market share, improve efficiency, and handle intensifying competition and oversupply, according to Moody’s new report.

Zeeland Seaports and Ghent Port merge into North Sea Port

Zeeland Seaports and Ghent Port Company signed a merger agreement on Friday 8 December, as all stakeholders agreed with the merger. The name of the cross-border merger port will be North Sea Port. The signing took place on a ship that symbolically sailed from Ghent across the Dutch border in the direction of Terneuzen.

Teekay Tankers merges with Tanker Investments

Teekay Tankers and Tanker Investments announced that they have finalised the merger of the two companies. After the two companies have merged, TIL became a wholly owned subsidiary of Teekay Tankers.

Hapag-Lloyd completes integration with UASC

Germany-based shipping company Hapag-Lloyd announced that it completed the integration of United Arab Shipping Company into the Group, six months after the merger process started. With a fleet of 215 modern container ships, Hapag-Lloyd is now the fifth-largest liner shipping company in the world.

Maersk closes acquisition of Hamburg Süd

The transaction between Oetker Group and Maersk Line for Maersk Line’s acquisition of Hamburg Süd, the German container line, was closed on 30 November. Together, they will have a total container capacity of 4.15 million TEU and a  19.3% global fleet capacity share.

Korea approves Maersk’s acquisition of Hamburg Süd

The Korean Free Trade Commission announced that it decided to approve Maersk Line’s acquisition of Hamburg Sud, under restrictive conditions. Upon the acquisition, Maersk Line and Hamburg Süd will own 743 container vessels, with a total container capacity of around 3.9 million TEUs.

China greenlights Maersk’s acquisition of Hamburg Süd

The Chinese Ministry of Commerce announced that after examination, it decided to approve Maersk Line’s acquisition of Hamburg Sud, under restrictive conditions. Upon the acquisition, Maersk Line and Hamburg Süd will own 743 container vessels, with a total container capacity of around 3.9 million TEUs.

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