According to Friedrich Joussen, CEO of the travel group TUI, which owns 22 percent of German container carrier Hapag-Lloyd, a potential sale of the shares will not happen before the second half of 2014, at the earliest. The reason why the group has opted not to sell its shares, as otherwise announced, is that the German carrier will be to unstable in the time before Rolf Habben-Jansen moves from Maersk-owned Damco to Hapag-Lloyd in July next year, and the share will therefore decrease in value, says Friedrich Joussen according to Bloomberg.
TUI, which is Europe's largest travel group and counts Norwegian shipowner John Fredriksen among its shareholders, has repeatedly expressed a desire to sell its shares in the major German carrier when the freight market gets back on its feet. Earlier this spring, a potential merger between Hapag-Lloyd and Hamburg Süd was discussed, but nothing further happened in that regard.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Golden Ocean CEO believes in "extremely lucrative" year for dry cargo despite plummeting rates
A worse-than-expected start to 2022 for dry cargo is far from enough to change the expectations of Golden Ocean and CEO Ulrik Andersen. The market will still be lucrative and may be so well into 2024, he tells ShippingWatch.
Maersk Product Tankers expects 2022 to be "not an amazing year"
There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.
Researcher criticizes TotalEnergies' fuel report
TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.
OOCL doubles revenue despite significant drop in volumes
Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.
Container lines criticize changes to EU's ETS proposal for shipping
If the European Parliament’s significant change to the EU’s proposal for shipping’s carbon quotas is carried through, the Emissions Trading System will go from having polluters pay to polluters being paid, says the World Shipping Council.
Fleet Manager 
Chief Operating Officer 
Director of Lederne Søfart 
Safety & Operations Manager 
Sales Director 
Key Account Manager, Denmark