Day: December 13, 2014

Merger and acquisition activity on the rise

Dec 13, 2014

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...

Maersk to cancel North Asia to US route

Dec 13, 2014

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...