Hapag-Lloyd and United Arab Shipping Company (UASC) merged yesterday (May 25, 2017). The merger between the two liner shipping companies was completed in Hamburg. With 230 vessels and a shared fleet capacity of approximately 1.6 million TEU…
Dubai-based shipping company Gulf Navigation Holding has reported a 39% growth in net profit at the end of the first quarter of 2017 compared to the same period in 2016. The result came at a stage while the company is witnessing a significant improvement in its performance…
German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters.The deal to create the world's fifth-biggest shipping company…
Spain's lower house of parliament narrowly passed a long-delayed reform of port operations on Thursday, bringing regulation closer to that of the European Union though the overhaul has been slammed by unions which have threatened widespread strikes…
European Commission has exempted public support measures in a number of areas from prior Commission state aid control, said a press statement. This facilitates public investments in key infrastructure, namely ports and existing airports…
Dredging firms look ahead to more business, here and across the big pond. Along the way, Mother Nature and good business planning will both help. In the waning days of 2016, the outlook brightened dramatically for the big U.S. dredging contractors…
The outlook for the 2017 financial year is based on the Hapag-Lloyd Group’s existing business activities as at 31 December 2016 and therefore does not include UASC’s business activities or the acquisition of UASC in 2016. A statement from…
An Indonesian labour union has scrapped a planned strike at Jakarta's Tanjung Priok port next week, ensuring operations would run normally at the country's busiest port, union officials said on Friday. Nova Sofyan Hakim, the chairman of…
Emmanuel Macron, the newly-elected French President, vowed during his election campaign to renegotiate the Le Touquet agreement which enables British border officials to carry out checks in France. The treaty provided for France and Britain to erect juxtaposed border controls in Channel ports…
Commenting on recent speculation that the newly-elected French President Emmanuel Macron might look to renegotiate the Le Touquet agreement, which enables British border officials to carry out checks in France, the British Ports Association (BPA) Chief Executive…
A union workers' strike next week is expected to disrupt shipping operations at Jakarta's main port, which handles the bulk of international shipments for Southeast Asia's biggest economy, a labour union official said. Around 2,000 union…
Marine coating major AkzoNobel announced it has declined a third unsolicited, non-binding and conditional proposal submitted by PPG Industries on April 24, 2017, for all outstanding ordinary shares in the capital of AkzoNobel. A statement…
Crude oil tanker company DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline. A statement from DHT Holdings said that its Board of Directors has unanimously rejected Frontline April…
Brazil may revise public port regulations to lengthen operators' contracts and encourage improvements, officials told Reuters, in an effort to attract more private investment in infrastructure that is crucial to the country's powerhouse farm sector…
Antwerp Port Authority and Energy Recovery Systems Company Ltd. (ERS) have decided by common consent to cancel the option held by the company on the Churchill site. ERS informed the Port Authority that it needed more time to reach the milestones imposed by the Port Authority…