UASC CEO: Mergers does not necessarily entail layoffs

The new merger between UASC and Hapag-Lloyd needs to turn a profit, but this will not necessarily happen through layoffs, UASC CEO Jørn Hinge tells Arabian media The National.

BY LOUISE VOGDRUP-SCHMIDT

Hapag-Lloyd and UASC will be merged at the end of this year, giving rise to what will be the world's fifth-largest container carrier.

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UASC CEO: Mergers does not necessarily entail layoffs

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Moody's notes major debt issues in Hapag-Lloyd acquisition

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Media: UASC looks into divesting tanker fleet as part of merger

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs