Thursday, September 28, 2017
Maritime News

Hapag-Lloyd Fleet ‘Complete’ as Latest UASC Newbuild ULCV is Delivered

By Mike Wackett (The Loadstar) – Hapag-Lloyd has taken delivery of the last of 17 ULCVs ordered by UASC in 2013 as “some of the greenest and largest container vessels...

September 28, 2017
Total Views: 27

Friday, June 9, 2017
hapag-lloyd ship
News

Hapag-Lloyd, UASC Merger Seen Weathering Qatar Row

HAMBURG/FRANKFURT, June 9 (Reuters) – Hapag-Lloyd’s merger with Arab Shipping Company, which is owned by six Gulf states, is proceeding as planned, despite the row between Qatar and its neighbors,...

June 9, 2017
Total Views: 1

Wednesday, May 31, 2017
hapag-lloyd ship
Interesting

Hapag-Lloyd to Cut More Than a Thousand Jobs After Merger

FRANKFURT, May 31 (Reuters) – German shipping company Hapag-Lloyd confirmed on Wednesday that it is looking to cut up to 12 percent of its almost 11,000 land-based workforce after completing...

May 31, 2017
Total Views: 1

Tuesday, May 30, 2017
hapag-lloyd ship
News

Hapag-Lloyd Shareholders Approve Capital Increase to Fund Merger

FRANKFURT, May 29 (Reuters) – Shareholders of German shipping group Hapag-Lloyd on Monday approved a $400 million rights issue to fund a planned merger with United Arab Shipping Company, a...

May 30, 2017
Total Views: 0

Wednesday, May 24, 2017
News

Hapag-Lloyd Completes Merger with UASC

FRANKFURT, May 24 (Reuters) – Hapag-Lloyd and Arab sector peer UASC are focused on speedy integration, Hapag’s chief executive said after the German company announced completion of their delayed merger...

May 24, 2017
Total Views: 8

Tuesday, May 23, 2017
Maritime News

Gulf Bidders Emerge for UASC-Linked Shipping Unit -Sources

By Jonathan Saul and Tom Arnold LONDON/DUBAI, May 23 (Reuters) – Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company (UASC) whose sale is key to...

May 23, 2017
Total Views: 2

Thursday, May 18, 2017
Maritime News

Hapag-UASC Tie-Up Nears Completion as Funding Snags Overcome -Sources

By Jonathan Saul and Arno Schuetze LONDON/FRANKFURT, May 18 (Reuters) – German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC’s...

May 18, 2017
Total Views: 0

Tuesday, March 28, 2017
Maritime News

Hapag Lloyd-UASC Merger Hits Snag Over Ownership Share, Sources Say

By Jonathan Saul and Arno Schuetze LONDON/FRANKFURT, March 28 (Reuters) – A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line...

March 28, 2017
Total Views: 6

Wednesday, March 22, 2017
hapag-lloyd ship
Maritime News

Banker Queries Delay Hapag-Lloyd-UASC Merger

By Mike Wackett (The Loadstar) – The delay in the merger between Hapag-Lloyd and UASC is due to some of the Gulf carrier’s creditor banks “seeking additional security” from UASC’s...

March 22, 2017
Total Views: 1

Wednesday, November 23, 2016
Shipping containers belonging to German transportation firm Hapag-Lloyd are seen stacked at a port in Singapore
Maritime News

European Commission OK’s Hapag-Lloyd, UASC Merger

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...

November 23, 2016
Total Views: 0

Friday, August 26, 2016
Maritime News

Hapag-Lloyd CEO Says UASC Merger Benefits Arriving in 2017

HAMBURG, Aug 26 (Reuters) – German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from its planned merger with Arab rival UASC...

August 26, 2016
Total Views: 0

Tuesday, August 23, 2016
Maritime News

Will UASC provide some balance as Hapag-Lloyd walks a tightrope?

By Alessandro Pasetti (TheLoadstar) The interim results of Hapag-Lloyd were uninspiring, to say the least. Not only is the world’s fourth-largest box line struggling to cope with a sluggish business cycle, but it is debatable...

August 23, 2016
Total Views: 13

Monday, July 18, 2016
hapag-lloyd
Maritime News

Hapag-Lloyd Drops as Forecast Cut Overshadows UASC Merger Plan

By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final...

July 18, 2016
Total Views: 16

Tuesday, July 12, 2016
Maritime News

UASC Eyeing Chemical Tanker Unit Sale as Part of Hapag-Lloyd Deal

By Dinesh Nair and Nicholas Brautlecht (Bloomberg) — United Arab Shipping Co. is weighing a sale of its tanker business for oil and petrochemicals that could fetch more than $600...

July 12, 2016
Total Views: 1

Wednesday, June 29, 2016
hapag-lloyd containership
Maritime News

UASC: Shareholders Back Hapag-Lloyd Deal

BERLIN, June 29 (Reuters) – United Arab Shipping Company (UASC) said its six shareholding states backed a merger deal with German container shipping line Hapag-Lloyd AG at a meeting on...

June 29, 2016
Total Views: 16

Tuesday, June 28, 2016
Maritime News

Hapag-Lloyd Agrees to UASC Merger Deal

FRANKFURT, June 28 (Reuters) – German container shipping line Hapag-Lloyd AG has agreed a merger deal with United Arab Shipping Company (UASC), creating a group with an estimated value of...

June 28, 2016
Total Views: 10

Thursday, June 2, 2016
News

UASC Shareholders Back Merger With Hapag-Lloyd

LONDON, June 2 (Reuters) – The shareholders of Middle East container shipping group United Arab Shipping Company (UASC) back the company’s merger talks with German rival Hapag-Lloyd although there has...

June 2, 2016
Total Views: 13

Thursday, April 21, 2016
hapag-lloyd containership
Maritime News

Hapag-Lloyd and UASC in Merger Talks as Industry Grapples with Falling Freight Rates

By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG is in talks with United Arab Shipping Co. on a possible combination of their container businesses, potentially setting up the German company’s second...

April 21, 2016
Total Views: 21