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Proposed merger raises competition concerns in Singapore

The Competition Commission of Singapore expressed competition concerns over the proposed merger between Wilhelmsen Maritime Services and Drew Marine Technical Solutions, noting that the parties appear to be each other’s closest competitors.

South Africa approves Maersk, Hamburg Süd merger

The South African Competition Tribunal has approved Danish Maersk Line’s acquisition of German Hamburg Sud. The transaction is subject to a condition whereby the merging parties must terminate any cooperation agreements HSDG has in the South Africa/East Coast South America trade route.

NYK President: Japanese merger to affect group's business

NYK’s decision of liner integration with two other Japanese companies will have far-reaching impacts on its business, stressed NYK’s president Tadaaki Naito, addressing the group’s employees, on the occasion of the company’s 132nd anniversary, on 2 October.

Euroseas, Poseidon explore merger of container fleets

Greek drybulk and container operator Euroseas announced that it has signed a non-binding letter of intent with Poseidon Container Holdings Group, an owner and operator of container vessels, to consider a possible combination of their respective containership fleets.

New merger in the tanker sector

Tanker Investments (TIL) has confirmed its merger with Teekay Tankers, creating the ‘world’s largest’ publicly-traded mid-sized conventional tanker company with combined total assets of $2.4 billion, operating 62 ships.

Japan's big three shipowners announce new joint venture

Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines, and Nippon Yusen Kabushiki Kaisha have announced that their new joint venture, which will integrate the three companies’ container shipping businesses, will operate under the tradename “Ocean Network Express.”

Hapag-Lloyd and UASC complete merger

Hapag-Lloyd and United Arab Shipping Company officially merged, in Hamburg, on May 24. Hapag-Lloyd will remain a publicly traded company registered in Germany with its headquarters in Hamburg. UASC’s 58 vessels will be integrated into the fleet of Hapag-Lloyd and the combined fleet will then include a total of 230 vessels.

K" Line to merge two ship management companies

“K” Line announced that two of its subsidiaries, Taiyo Nippon Kisen Co., Ltd. and Escobal Japan Ltd. will be merged on July 1, 2017 and tentatively scheduled to be renamed “K” Line RORO and Bulk Ship Management Co., Ltd. on April 1, 2018.

German companies merge ship management activities

The Hamburg-based company, Leonhardt & Blumberg Reederei, and Buss Shipping company announced that they have agreed to merge their ship management activities. The new joint venture will be called Leonhardt & Blumberg Shipmanagement GmbH Co. KG.

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