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.

Maersk reveals changes to Hamburg Süd executive board post-takeover

Maersk Line is wasting no time in putting its blue stamp on the executive board of soon-to-be acquired Hamburg Süd, but says it “intends to maintain the business model” of the north-south niche carrier.

After the completion of the transaction – still subject to some regulatory approvals but anticipated for Q4 – Maersk said not […]

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Maersk Line to pay $4 billion for Hamburg Sud

The world’s biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.

Combined, the two companies will be able to realize annual operational savings of about $350 million to $400 million, Maersk Line said in a statement fleshing out […]

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Maersk to get EU decision on Hamburg Süd deal by March 27

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 […]

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Maersk slumps to only its second annual loss in seven decades

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 […]

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Maersk Line to buy container shipping line Hamburg Süd

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 […]

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Hamburg Süd takes first spot for reliability

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 […]

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SeaLand’s CEO bullish on Latin American opportunities

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 […]

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Maersk retains crown as most reliable box line amid rumours of 20,000teu orders

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.

Maersk […]

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Market share, TEU capacity position Maersk, MSC as top global shipping lines

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 […]

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Hamburg Süd under pressure as 2013 rate swings and overcapacity take a toll

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 […]

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DP World Invests in London Gateway

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 […]

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Hamburg Süd Christens First Ship in the U.S.

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 […]

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East Coast of South America’s Largest Vessel Ever Calls APM Terminals’ Buenos Aires Terminal 4

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.

[…]

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Port of Portland approves another rebate for terminal operator due to continued labor problems

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 […]

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Hapag-Lloyd and Hamburg Sud Tease With Merger Talk

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 […]

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