Hapag Merger Approved
The European commission has given the go ahead for Hapag Lloyd to complete the ‘acquisition of/merger with’ UASC (United Arab Shipping Lines).
With a combined capacity of almost 1.5 million TEU, the merger will make the new company the world’s fifth-largest shipping line.
Approval is conditional on UASC withdrawing from the trade routes between Northern Europe and North America, where the new entity would have faced insufficient competitive constraint.
<< PLEASE SHARE THIS STORY ON SOCIAL MEDIA EASILY BY CLICKING THE ICONS TO THE LEFT.
The world’s largest container shipping group, Maersk, has been hit by a major cyber attack that is affecting a number of major companies around the world, with Maersk’s IT systems down across multiple sites and business units. In a statement yesterday, parent company...
High street & online retailer, Blue Inc, recently made the transition to the Uniserve Super Distribution Centre in Tilbury, with the entire move being completed over one weekend. The complex operation - which included transferring their web operation - was up,...
A new ruling by the European Union has led to an increase in security for all flights from Bangladesh, which has resulted in additional costs being imposed by all airlines. Security procedures for traffic moving into the EU were stepped up after recent...