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.
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’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.
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.
Shanghai Stock Exchange has sent a letter of inquiry to Shangai-based COSCO Shipping Holdings, demanding for more clarity on the acquisition of the Hong Kong-based Orient Overseas International Limited.
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.
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 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 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.
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.
Career Paths: Jukka Merenluoto, ONE SEA - Autonomous Maritime Ecosystem18/09/2020
Career Paths: Paivi Haikkola, One Sea Ecosystem18/09/2020
- Loss Prevention
New CTU Code guide to assist in safe container packing18/09/2020
Hurtigruten cancels all cruises due to COVID-1918/09/2020
- Maritime Health
Maintaining self-distancing onboard18/09/2020
COVID-19 labor violations see dead captain placed in freezer until vessel calls port18/09/2020
IMO, UNCTAD issue joint statement on COVID-19 recovery18/09/2020
Bill proposed in the US to resume cruise lines operation18/09/2020
- Maritime Knowledge
How industry tackles enclosed space entry on board ships18/09/2020
France provides 30 million euros to help ferry sector18/09/2020