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CMA CGM sells majority stake in US port

France's CMA CGM has now sold a majority of its stake in a terminal in the Port of Los Angeles. The carrier will receive USD 820 million in cash, according to an update.

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Hapag-Lloyd to invest in reefer again

Chinese and EU conditions to approve Maersk Line's take-over of Hamburg Süd leaves gaps in the market, says Hapag-Lloyd CEO Rolf Habben Jansen to ShippingWatch. He is ready to invest further in reefer again in 2018.

One word has reduced the number of bribery cases in the Suez Canal

With just a few means, in the course of two years it has become possible for carriers to get their vessels through the Suez Canal without having to pay the pilots in, for instance, cigarettes. "A milestone," says anti-corruption organization MACN, which is behind the initiative.

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