COSCO SHIPPING Holdings Co. Ltd. (“COSCO SHIPPING Holdings”; SHA: 601919; HKEx: 1919), a majority owned subsidiary of China COSCO SHIPPING Corporation Ltd, Shanghai International Port (Group) Co., Ltd (“SIPG”; SHA: 600018) and Orient Overseas (International) Limited (“OOIL”; HKEx: 0316) today jointly announced that COSCO SHIPPING Holdings and SIPG have made a pre-conditional voluntary general offer (“Offer”) to all shareholders of OOIL to… Read more »
Joint container shipping venture to be called Ocean Network Express
Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced that their new joint venture (JV) will operate under the tradename “Ocean Network Express.” The establishment of this new JV, which will integrate the three companies’ container shipping businesses (including worldwide terminal operation businesses, excluding… Read more »
“K” Line Group to Merge Two Ship Management Companies
Kawasaki Kisen Kaisha Ltd. (“K” Line) takes pleasure in announcing that two of its subsidiaries, Taiyo Nippon Kisen Co., Ltd. and Escobal Japan Ltd. will be merged on July 1, 2017 and tentatively scheduled to be renamed ”K” Line RORO and Bulk Ship Management Co., Ltd. on April 1, 2018…. Read more »
Maersk Line and Hamburg Süd sale and purchase agreement approved
On 1 December 2016, Maersk Line announced its intention to acquire Hamburg Süd, the German container shipping line, and on 14 March 2017, Maersk Line announced the signing of a sale and purchase agreement with the Oetker Group, owner of Hamburg Süd. Today, the sale and purchase agreement for Maersk… Read more »
Port of Felixstowe welcomes new ‘North Europe Turkey Express’ (NET) service
The Port of Felixstowe has welcomed the first call of a new service connecting North Europe and Turkey. Known as the ‘North Europe Turkey Express’ (NET), the new weekly service is jointly operated by Cosco Shipping and OOCL. The first call for the new service was made at the UK’s… Read more »
It’s official – ping pong balls are no longer dangerous!
The issue has gone back and forth across the table and now UN chiefs have decided that ping pong balls should no longer be classified as dangerous goods. The balls, which are made of celluloid or similar flammable plastics, were on the list of goods included in ADR regulations for the International Carriage of Dangerous Goods… Read more »
Seatruck reports fastest growth on Irish Sea, as hauliers switch operators
Freight ferry company Seatruck is reporting growth of more than 18pc in 2016 consolidating its position as the fastest growing operator on the Irish Sea, as more hauliers switch to its services. Seatruck chief executive Alistair Eagles said freight levels are also up 30pc in November 2016 compared to November… Read more »
FTA group says more must be done to boost inland water freight
The Freight Transport Association’s Freight by Water group says the steady volume of freight moved on the UK’s inland waterways last year is encouraging but more must be done to promote growth. The Department for Transport (DfT) today released its 2015 statistics for domestic waterborne freight, including that carried by barges and seagoing vessels on rivers and canals. Overall, the total… Read more »
A.P. Møller – Mærsk A/S: Maersk Line to acquire Hamburg Süd
Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals. Hamburg Süd is the world’s seventh largest container shipping line and a leader in the North – South… Read more »
GSF report says radical changes to container shipping market need new solutions
Radical changes to the shape and structure of the container shipping market mean ship operators and their customers need to develop new commercial approaches, as outlined in a major new report published today by the Global Shippers Forum (GSF). The report entitled ‘The Implications of Mega-Ships and Alliances for Competition and Total… Read more »
