CMA CGM has announced it reached a binding agreement with Maersk Line to acquire Mercosul Line, a leading player in Brazil’s domestic container shipping market. Earlier this year, Maersk Line declared the intention to sell its Brazilian cabotage carrier in order to remove any possible concerns from competition regulators over its acquisition of German shipping […]
The US Federal Maritime Commission (FMC) has rejected the merger of the three Japanese container shipping lines K Line, Mitsui O.S.K. and NYK on “jurisdictional grounds”, informs The Loadstar. The matter will now be referred to the US Department of Justice (DoJ), which could delay or halt the proposed joint-venture. As we wrote earlier, aiming […]
The world’s largest container vessel MOL Triumph owned by Japanese shipping line Mitsui O.S.K Lines, Ltd. (MOL) called at Hongkong International Terminals (HIT) last Saturday during its maiden voyage, informs the terminal. MOL Triumph has a capacity of 20,170 TEU and is the first ever containership exceeding the 20,000 TEU capacity limit. It is 400m long and 58.8m […]
Following the start of joint operations of German short sea shipping line OPDR and Spanish Boluda Corporación Marítima in the port of Seville in January 2017, OPDR has announced the launch of a container service connecting the Iberian Peninsula and the United Kingdom. The new weekly Portugal and South Spain service (POSS) connects the English […]
The Hong Kong Customs and Excise Department has pressed charges today against APL shipping company and the captain of the container ship which delivered nine Singapore military vehicles into the city from Taiwan in November 2016 without the required license, writes South China Morning Post. 9 Terrex Infantry Carrier Vehicles were shipped from Singapore to Taiwan […]
Eurogate has announced that since April, 2017 six more container shipping lines will call at its Wilhelmshaven terminal in Germany’s only deep-water JadeWeserPort. The six lines are COSCO Shipping, OOCL, CMA CGM and Evergreen forming the newly established OCEAN Alliance, as well as Hamburg Süd and Hyundai Merchant Marine. The OCEAN Alliance has included Wilhelmshaven […]
The Federal Anti-Monopoly Service of Russia (FAS) has fined 5 major shipping lines RUR 1.5 bln (approx. USD 25 mln) for cartel actions, writes TASS news agency. At the end of 2015, FAS declared that A.P.Moller-Maersk A/S, CMA CGM SA, Hyundai Merchant Marine Co., LTD, Orient Overseas Container Line Limited and Evergreen Marine Corp. Ltd […]
Earlier this week we wrote about the Oetker family meeting that was to take place on Wednesday, November 30 with the aim to decide on the future of the German container shipping line Hamburg Süd and of Maersk’s interest in the deal. And today Maersk Line and the Oetker Group have reached an agreement for […]
Last week the information leaked that members of the Oetker family, owners of Hamburg Süd, were discussing a potential sale of the shipping line. Now the Wall Street Journal writes that Maersk Line is looking to buy the German peer, citing “people with knowledge of the matter”. The momentous meeting of the family is reportedly […]
The appeals of major shipping lines have been rejected by the Moscow Arbitration Court. The appeals concern a verdict of the Federal Anti-Monopoly Service of Russia (FAS) claiming the carriers violated Russian competition law from 2012 to 2013 when setting surcharges on Russia – Far East services simultaneously and of the same amount. The process […]
