Shipping containers belonging to German transportation firm Hapag-Lloyd are seen stacked at a port in Singapore August 25, 2008. REUTERS/Vivek Prakash
by Gabriela Baczynska (Reuters) The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line
The merger would create a combined company worth about 7 to 8 billion euros ($7.5-$8.6 billion). It would be the world’s fifth largest shipping firm, with access to the Asia-to-Europe trade route and trans-Atlantic and trans-Pacific routes.
“Both companies operate in the container liner shipping sector,” the Commission said. “The clearance is conditional on the withdrawal of UASC from a consortium on the trade routes between Northern Europe and North America, where the merged entity would have faced insufficient competitive constraint.”
CAIRO, March 2 (Reuters) – The Houthi Transport Ministry in Yemen said on Saturday there had been a “glitch” in undersea communication cables in the Red Sea as a result of actions...
by Captain John Konrad (gCaptain) In the current American labor landscape, the stark contrast between the assertive strides of transportation unions and the maritime sector’s unique labor challenges is striking....
By Mikhail Flores MANILA, Dec 2 (Reuters) – Evacuations were under way in the Philippines after a quake of at least magnitude 7.5 struck the southern region of Mindanao on Saturday night,...
December 2, 2023
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