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Asia's shipping lines are facing more mergers

Container:

With the prospects of a prolonged trade slowdown and continued low freight rates, Asia's container lines look set for further consolidation in 2017, projects Hyundai Merchant CEO. Analysts point to possible Taiwanese container merger.


BY KYUNGHEE PARK, BLOOMBERG
Published 04.01.17 at 08:05

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Most read Container

Hapag-Lloyd executes its UASC redundancy plan

rolfhabbenjansen1.jpg Container:

Hapag-Lloyd has launched the process to streamline UASC and execute its redundancy plan. Rumors are circulating at the soon-to-be former HQ of the Arabic container carrier in Dubai. ShippingWatch can present the new regional manager who will effectively replace UASC CEO Jørn Hinge.

Growing speculation about new billion-dollar acquisition of container carrier

Container:

The price for one of the container industry's well-run carriers, Orient Overseas in Hong Kong, is at least USD 4.7 billion, says Alphaliner. The shares in the carrier rose again on Wednesday.

Hapag-Lloyd: UASC merger will cost one in ten positions

Container:

For Hapag-Lloyd to get the desired advantages out of the merger with UASC, approximately every tenth position will have to be eliminated from the two carriers' total current staff, says the CEO of the German carrier, Rolf Habben Jansen, in an interview with ShippingWatch.

Analyst: CMA CGM is obvious buyer for Hong Kong carrier

Container:

Container analyst Rahul Kapoor from Drewry views French container carrier CMA CGM as the most probable buyer of Orient Overseas in Hong Kong.

COA kicks off 2017 with new chairmanship

Container:

The Container Owners Association has elected a new chairman and deputy chairman, from Triton International and Maersk Line respectively.

SM Shipping is short thousands of containers

Container:

The new South Korean container carrier SM Shipping, built on the remains of Hanjin Shipping, will have to gather close to 90,000 containers if it wants to launch operations in March. A spokesperson from SM Shipping explains that the carrier is working at full steam to solve the problem.

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Hapag-Lloyd executes its UASC redundancy plan

rolfhabbenjansen1.jpg Container:

Hapag-Lloyd has launched the process to streamline UASC and execute its redundancy plan. Rumors are circulating at the soon-to-be former HQ of the Arabic container carrier in Dubai. ShippingWatch can present the new regional manager who will effectively replace UASC CEO Jørn Hinge.

Growing speculation about new billion-dollar acquisition of container carrier

Container:

The price for one of the container industry's well-run carriers, Orient Overseas in Hong Kong, is at least USD 4.7 billion, says Alphaliner. The shares in the carrier rose again on Wednesday.

Søren Skou: IPOs most likely solution for Maersk Energy

Offshore:

Maersk Group CEO Søren Skou says in an interview with Bloomberg TV during the Davos summit that he thinks the most likely scenario for the group's energy business is an IPO. Søren Skou also projects increasing global trade.

Thorco Bulk expands with more recruitments

Carriers:

Thornico group's dry bulk carrier Thorco Bulk has built up enough revenue after just six months that it will now expand by hiring more employees. The carrier will gain its own CFO, says Managing Director Marc Slinger to ShippingWatch.

Dutch shipbuilder raided by tax authority

Suppliers:

Damen Shipyard, the largest shipbuilding group in the Netherlands, was subjected to a dawn raid this week by the country's tax authority. According to several media reports, the raid is part of investigations into a case related to corruption and bribes.

Icelandic seafarers: Eimskip deal secures jobs in Iceland

Carriers:

Iceland Seaman's Union believes a new deal with Eimskip now secures employment for members. The crews on board the carrier's vessels will be the focus of attention among Danish navigators when Eimskip and Royal Arctic Line launch their partnership in the North Atlantic.

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