DECEMBER 2, 2014 — Hamburg, Germany, headquartered Hapag-Lloyd and Valparaiso, Chile, headquartered Chilean Compañía Sud Americana de Vapores (CSAV) have completed a merger that will create the fourth largest container liner shipping
NOVEMBER 11, 2014 — Charlotte, NC, headquartered Horizon Lines (OTCQB: HRZL) looks set to soon disappear over the horizon and become a part of U.S.-flag shipping history. It is getting out the
JUNE 17, 2014 — China’s Ministry of Commerce said today that it would not approve plans for the P3 operational vessel sharing network that containership operators MSC, CMA CGM and Maersk Line
MAY 23, 2013 — A highly-regarded indicator of the health of the container shipping market took a dip in April. The Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI) and the Institute of Shipping Economics
OCTOBER 25, 2012 — APL’s parent NOL Group today reported net earnings of US$50 million for the third quarter of 2012, a US$141 million turnaround from the US$91 million net loss in
OCTOBER 19, 2012 — Heléne Mellquist, the recently appointed CEO of the Industrial Shipping Division of Sweden’s Rederi AB TransAtlantic is “very excited” that TransAtlantic has acquired the customer base of Finnish
Container shipping giant Hapag-Lloyd turned in a net loss of €28.8 million (about $38 million) in 2011. According to the consolidated financial statements approved today by the Supervisory Board, Hapag-Lloyd increased its
Not that long after a December 5 statement from Singapore’s NOL saying that it “currently, is not making another bid for a stake in Hapag-Lloyd,” Germany’s TUI Group today announced “another major