maersk
The European Commission cleared Maersk Line’s acuisition of Germany’s Hamburg Süd on 10 April, subject to the latter’s withdrawal from five consortia on trade routes connecting Northern Europe with Central America/Caribbean, West Coast South America, Middle East and the Mediterranean with West Coast South America and East Coast South America – which the Danish operator offered to do. HSDG will continue to operate as part of the five consortia during ...
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Maersk Line has applied for EU approval for its purchase of Hamburg Sud with an initial decision due by March 27- although the deadline can be extended for another 90 days. Main sticking points are seen as South American routes – for example, the combined carrier would have a 37% ...
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Maersk Line has settled a competition case with Russia’s Federal Antimonopoly Service over it and other shipping lines’ use of price announcements in the local market. The agreement is subject to payment of a settlement fee of about US$230,000 by Maersk Line but a previous FAS $12 million fine will ...
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Maersk Line has announced a slot purchase agreement for Hamburg Süd’s volumes on the East–West trades, allowing traffic to be shipped on vessels in the joint Maersk-MSC 2M network. It agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East–West trades. ...
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Maersk Line is offering a second port in Iran, with the addition of Bushehr to its existing call in Bandar Abbas. About 500km to the north west of Bandar Abbas, Bushehr offers 400 reefer plugs and storage capacity for refrigerated cargoes. It is served by a weekly feeder service from ...
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Maersk Line has signed a deal with Asian online retailer Alibaba to sell slots on its container vessels. It has been made available to Chinese shippers on Alibaba's OneTouch booking website from 22 December, according to a Reuters report. Alibaba describes One Touch as an import and export service provider ...
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Maersk Line, Mediterranean Shipping Company (MSC) have signed a strategic cooperation deal with Korea’s Hyundai Merchant Marine (HMM.
The agreement is a combination of slot exchanges and slot purchases between the three parties, while Maersk Line and MSC will takeg over a number of charters and operations of vessels currently chartered to ...
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Maersk Line is to buy one of the last independent European shipping lines and the world’s seventh-largest operator, Hamburg Süd, from its owners, German-based Oetker, subject to final agreement and regulatory approvals.
The move will create a container shipping giant, adding Hamburg Süd’s 625,000teu, 130-ship capacity to Maersk Line, already the ...
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Maersk Line says it made a $116 million loss in the third quarter of the year, compared with a $264m in the same quarter of 2015. Average freight rate decreased by 16% compared to the third quarter of 2015, but it had increased 5.5% compared to the second quarter of ...
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Maersk subsidiary Seago Line has replace the 1,100teu Antwerp on its new Algeciras-Liverpool-Dublin, introduced in April, with a larger vessel, the 1,432teu Independent Accord.
The service provides direct connections to and from the north west of England, Ireland and the Mediterranean, with a six-day transit time between Algeciras and Liverpool.
Introduction of ...
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