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FMC approves The Alliance

The US Federal Maritime Commission has cleared container collaboration The Alliance, which is spearheaded by Hapag-Lloyd and now set to come into force on Dec. 19 on tradelanes to and from the US.

Mario Cordero at Danish Maritime Forum in Copenhagen

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J. Lauritzen lost USD 45 million in 2017

Denmark's J. Lauritzen lost USD 45 million in 2017, almost in line with the year before. The carrier expects a better result this year, though still not satisfatctory. And a potential recovery could be muted.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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