From World Maritime News:
Danish shipping giant Maersk Line is scheduled to receive the EU antitrust regulator’s decision on the company’s plan to purchase the Germany-based Hamburg Süd by March 27, according to Reuters.
The deal, reached at the beginning of December 2016 amid a consolidation period in the industry, was filed to the European […]
Excerpts from the Financial Times:
Shares in Maersk fell as much as 7 per cent on Wednesday as it reported only its second annual loss in seven decades and halved its dividend to try to protect its investment grade credit rating.
Maersk recorded a net loss of $1.9bn for 2016, compared with analysts’ expectations of […]
Denmark-based shipping company Maersk Line has agreed to acquire German container shipping line Hamburg Süd from its owner Oetker Group, for an undisclosed sum.
Subject to final agreement and regulatory approvals, the deal is expected to be complete by the end of next year.
With 130 container vessels and a container capacity of 625,000 twenty-foot […]
Global schedule reliability improved by nearly 5 percentage points from January to February according to SeaIntel’s latest industry-leading Global Liner Performance report. On-time performance increased to 72.2% in February (based on 9,931 vessel arrivals. Data from INTTRA shows that container delivery increased to 54.2% in February from 49.1% in January, based on 2.8 million […]
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.
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 line also highlighted “strikes in Chile at the beginning of the year, overloaded infrastructure in Brazilian ports and political and economic problems in Venezuela and in Mediterranean countries” as other factors which hit its earnings.
German container shipping line Hamburg Süd felt the pinch last year as overcapacity on the main east-west trades spilled […]
DP World London Gateway has a weekly call by the Southern Africa Europe Container service operated by MOL, Maersk, Safmarine and DAL.
Starting in May, Hamburg-Sud and Hapag-Lloyd will operate the South America East Coast service, a South America West Coast, Caribbean, Australia and New Zealand service and a North America West Coast, India, Pakistan […]
Hamburg Sud’s new Cap Corrientes
For the first time in the shipping company’s history, Hamburg Süd has celebrated the christening of a ship in the U.S. The ceremony to name the 3,800 TEU container ship Cap Corrientes was held on August 23 in the Port of San Francisco.
The container ship was built by […]
The 9,700 TEU capacity vessel is equipped with 2,100 reefer plugs, making these the largest reefer capacity ships in the global fleet.
On July 25th the largest vessel to ever call the Port of Buenos Aires, the 332 meter-long Hamburg Süd Cap San Nicholas, discharged approximately 800 containers at the APM Terminals Terminal 4 facility.
Commissioners voted 6-1, with one abstention, to authorize as much as $3.7 million in rent rebates to ICTSI Oregon Inc., which operates the Port’s international container terminal. The Port intends the payments, in the form of rent reductions, as savings that ICTSI can pass on to shipping lines so the ocean carriers will continue sending […]
German container ship operators Hapag-Lloyd and Hamburg Sud are to consider possible merger talks, according to a brief but less than detailed press release issued by both companies.
Earlier this year Hapag-Lloyd’s biggest single investor, Klaus-Michael Kuehne told a German newspaper he thought the two companies should merge so that their combined forces could compete […]
Official data from Latakia International Container Terminal, issued in recent days, showed volumes in the first six months of the year fell to 217,386 TEUs, versus 275,264 TEUs in the same period last year. That compared with 293,111 TEUs in 2010. Maersk, CMA CGM and Hamburg-Sud call on the port.
Ship container volumes at […]
Excerpts from a recent article in the Seattle Times:
Seattle is North America’s seventh-biggest container port; Tacoma ranks No. 11.
In March, the Grand Alliance shipping lines decided to move from Seattle to Tacoma. When that happens in July, it will take about 20 percent of the container business from the Port of Seattle, more […]