”Our goal in the FBI is to expose the back room deals and secret handshakes and to stop the culture in some businesses that allows these crimes to take place,” said special agent Steve Vogt after Toru Otoda, a ‘K’ Line executive, was sentenced to 18 months in US prison and fined USD20,000 in […]
The Federal Maritime Commission has received a Class Action Complaint filed by Cargo Agents, Inc., International Transport Management, Corp., and RCL Agencies, Inc. against some of the world’s top vehicle transport services providers.
The complaint filers are purchasers of vehicle carrier services and allege that the some of the largest providers of deep-sea vehicle transport, […]
Hapag-Lloyd said since its merger with CSAV, Latin America represented more than a third of its total transport volumes versus around 22 percent previously – with the group among the top four lines in the region.
Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in […]
From the Journal of Commerce:
Orient Overseas International Ltd.’s announcement that it will spend almost $1 billion on the purchase of six 20,000-TEU ships has put an end to speculation that the Hong Kong-listed line was interested in acquiring troubled APL from Neptune Orient Lines.
So with OOIL’s liner division OOCL out of the running, […]
SeaLand, the hallowed container shipping brand relaunched by Maersk Line in January, sees an opportunity to gain market share in the Latin American lanes resulting from two mergers — between two German container lines and two Chilean carriers.
“Customers don’t want to put all their eggs in one basket, so if they are shipping on […]
From The Loadstar:
Maersk again topped the liner shipping reliability rankings last year, according to new research released by industry analyst SeaIntel.
The top two spots were retained by Maersk and Hamburg Sud in a year during which 19 of the 20 largest container shipping lines saw their schedule reliability decline, compared with 2013.
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 […]
German carrier Hapag-Lloyd’s presence in Asia and the North Atlantic will combine with Chilean carrier CSAV’s strong position in Latin America.
Hapag-Lloyd and the Chilean Compañía Sud Americana de Vapores (CSAV) are joining forces, by merging CSAV´s container business activities into Hapag-Lloyd, becoming the fourth-largest liner shipping company in the world. The corresponding contracts for […]
Hapag-Lloyd joined its future merger partner CSAV in reporting a loss in the third quarter.
The German container line reported a loss of EUR50.7m ($63.1m) in the third quarter of 2014, compared to a profit of EUR16.6m in the same period last year. For the first nine months of 2014 Hapag-Lloyd lost EUR224m, compared to […]
Hapag-Lloyd and Compañía Sud Americana de Vapores (CSAV) secured conditional European Union approval on Thursday for their tie-up to create the world’s fourth-largest container shipping company.
The merger is important for the shipping industry which hopes more deals could help it to overcome the worst slump on record. And if regulators take a soft line […]
AP Moller Maersk, Mediterranean Shipping Company and CMA CGM Group have emerged as leaders in the global shipping business on the global ranking for shipping liners based on their market share as well as the twenty-foot equivalent units (TEUs) capacity of containers they handle.
According to alphaliner.com, APM-Maersk, which took the first position, handles about […]
The Journal of Commerce tackles the following questions about “how the landscape is changing”:
How can we measure the two pending carrier acquisitions in terms of U.S. trade? How big are the carriers in the P3 Network in terms of overall U.S. trade? How big was U.S. trade in 2013? How big is the global […]
Germany’s Hapag-Lloyd AG and Chilean rival Compania Sud Americana de Vapores say they have agreed to merge, creating the world’s fourth largest shipping company.
Hapag-Lloyd said Wednesday that once the merger receives the competition approval the combined company will have some 200 vessels and an annual turnover of 9 billion euros ($12.4 […]