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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...