Maersk Line buys Hamburg Süd
After a long period of intense speculation, Maersk Line confirmed its acquisition of German container carrier Hamburg Süd this Thursday. Read here what it will mean for Maersk, which must now incorporate the world's seventh-largest container carrier.
Photo: Ronald Zak/AP/Polfoto.
OPEC reached unexpected deal
Contrary to what many had expected, the petroleum exporting countries in OPEC managed to agree on a production cap in order to reduce the oversupply of oil. So far, analysts remain doubtful about the effects of the deal.
Foto: Hyundai Merchant Marine.
Hyundai Merchant moves closer to deal with 2M
A deal between Hyundai Merchant Marine and the alliance partners in 2M – Maersk Line and MSC – is now looking closer.
Norwegian offshore still struggling with oil price
The consequences of two years with a very low oil price continue to wreak havoc. However, some companies got a break and landed deals with creditors. This is the case for Havila, Olympic Shipping, and Songa Offshore.
And make sure to the rest of this week's news on ShippingWatch: