This week saw the final approvals tick in for Maersk which can now complete its acquisition of Hamburg Süd.
Meanwhile, the Danish carrier was not as fortunate in volumes, as China's Cosco overtook Maersk Line in the third quarter whereas reliability rose.
During an official visit to Singapore, Danish Prime Minister Lars Løkke Rasmussen addressed the maritime sector. The shipping industry needs to deliver under the framework conditions that the government has provided, he said.
Also in Singapore, CEO Jeremy Nixon gets ready for the launch of the new, major Japanese container partnership Ocean Network Express. The carrier must find its place among the giants, he tells ShippingWatch in an interview.
Shipping organization ICS has set a concrete target and a new year as a deadline for its CO2 plan. The members must submit their stance on the proposal, which is inspired by a Japanese proposal and suggests 2060 as the new deadline.
A new EU proposal for a screening mechanism of strategic acquisitions in maritime companies in Europe seems to be directed at particularly China's acquisition activity.
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English Edit: Gretchen Deverell Pedersen