Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Merger and acquisition activity on the rise

Excerpts from Container Management:

Mergers and takeovers are increasing in the container shipping arena, according to industry consultant, Drewry.

Subject to regulatory and shareholder approval, US Jones Act carrier Horizon Lines is selling its Hawaii operations for US$141.5m to the Pasha Group, which will augment its existing roll-on/roll-off operations between the US mainland and […]

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Maersk to cancel North Asia to US route

Maersk Line will close down its Trans-Pacific 5 (TP5) US-flag service operated by its Maersk Line Ltd affiliate in January next year as part of a strategy to eliminate unprofitable Pacific services.

The end of the current TP5 service from North Asia to Los Angeles-Long Beach and Oakland, using five older Panamax, US-flagged container ships […]

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