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

United Arab Shipping Company considers selling its tanker business for more than USD 600 million as part of the plans to merge with Germany's Hapag-Lloyd, writes Bloomberg.

BY KATRINE GRØNVALD RAUN

The merger between German Hapag-Lloyd and United Arab Shipping Company (UASC) has presumably spurred the Dubai-based carrier to consider selling its chemical tanker business, anonymous sources familiar with the process tell Bloomberg.

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

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Negotiations make Hapag-Lloyd postpone general assembly

UASC approves Hapag-Lloyd merger deal

Hapag-Lloyd back in the red after tough Q1

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

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

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

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Analysis: Capesizes have become too expensive despite strong market

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

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

Analysis: Capesizes have become too expensive despite strong market

Jobs