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Photo: Hamburg Süd

EU will decide on Maersk's Hamburg Süd acquisition in March

Container:

The EU Commission will decide on Maersk Line's acquisition of Hamburg Süd in late March, reports Ritzau Finans in reference to Bloomberg News. The transaction will still need to be cleared by additional regulators.


BY NIKLAS KRIGSLUND
Published 21.02.17 at 13:14

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Most read Container

Maersk Line to pay EUR 3.7 bln for Hamburg Süd

hamburgsud4.jpg Container:

Maersk Line will pay EUR 3.7 billion for German container carrier Hamburg Süd. The boards of directors at the two companies have now cleared the transaction, which is expected completed in late 2017.

Maersk Line: 2017 off to a good start

Container:

2017 has already been hailed by Maersk Line and several of its biggest competitors as the year in which the miserable results from last year will be replaced by a de-facto turnaround. Things have developed positively so far, Maersk Line's head of Asia and the Pacific tells ShippingWatch.

Rickmers Maritime Trust sells entire fleet to Navios

Container:

Rickmers Maritime Trust is selling its entire fleet of container vessels to a Greek carrier. The sale comes one week after the Singapore-based company announced that it was giving up after battling to survive for months, and would close down.

Lloyd's Register: 24,000 teu ships on the way

Container:

The container industry is very interested in container ships in the size of 24,000 teu, classification company Lloyd's Register tells ShippingWatch.

Top analyst shoots down container carrier optimism

Container:

Alphaliner's chief analyst, Tan Hua Joo, is one of only a few external experts who has been asked by the container sector's secretive Box Club about his view of the future. He now warns the carriers of a worrisome development.

Japan's three major container carriers believe in 2017 gains

Container:

The three major Japanese container carriers: MOL, NYK Line, and K-Line, which are poised for a merger, all have faith in advancements this year, as indicated in their annual reports published Friday morning.

Current front page

Maersk Line to pay EUR 3.7 bln for Hamburg Süd

hamburgsud4.jpg Container:

Maersk Line will pay EUR 3.7 billion for German container carrier Hamburg Süd. The boards of directors at the two companies have now cleared the transaction, which is expected completed in late 2017.

Aker BP drills its way to impressive result

Offshore:

Last year's merger of Det Norske and BP seems to have paid off. The resulting company, Aker BP, is now raking it in.

OOCL grew its volumes in the first quarter

Container:

Orient Overseas Container Line, OOCL, carried more containers in the first quarter, but the prices have been somewhat under pressure since the beginning of the year.

US shale boom puts pressure on the entire industry

Tanker:

US shale oil is now being produced at such a rate that it could threaten the stability currently enjoyed by the sector, projects Rystad Energy. One of the major suppliers of offshore rigs, shipbuilder Keppel, does not see a recovery anytime soon.

Japan's three major container carriers believe in 2017 gains

Container:

The three major Japanese container carriers: MOL, NYK Line, and K-Line, which are poised for a merger, all have faith in advancements this year, as indicated in their annual reports published Friday morning.

Belgium's Exmar calls off purchase of Dutch gas fleet

Tanker:

Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.

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