Monday 5 December 2016
 
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Hapag-Lloyd

Hapag-Lloyd CEO says planned UASC merger benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from its planned merger with Arab rival UASC next year, and realise them fully from 2019, its CEO said on Friday. The

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United Arab Shipping seals Hapag-Lloyd merger deal

Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company (UASC) have signed a business combination agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals. Apart from the BCA, th

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Hapag-Lloyd inks deal to buy UAE shipping firm

Hapag-Lloyd AG approved a plan to acquire all shares of United Arab Shipping Company, paving the way for the second merger in two years to bolster the position of Germany’s biggest container-shipping line in an industry plagued by excess c

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Hapag-Lloyd teams up with Asian rivals in new shipping alliance

Germany's Hapag-Lloyd has teamed up with five Asian container shipping firms to form a new international alliance, the latest such arrangement in the troubled industry. Hapag-Lloyd said on Friday that the alliance is due to be

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Hapag-Lloyd deal to win EU approval

Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, sources said. The tie-up is important for t

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Oman signals intent to buy Hapag-Lloyd stake

An Omani state-owned fund has told TUI AG in writing that it wants to buy a stake in container liner shipping firm Hapag-Lloyd from the German tourism group, a person familiar with the matter said. There is no binding agreement yet, though

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Oman firm takes 15pc stake in Hapag-Lloyd

Omani state-owned Onyx Investments has taken a 15 percent stake in German container shipping company Hapag-Lloyd, an official at the parent company of Onyx said on Monday.     "Onyx Investments has bought a 15 percent

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