Latest news from Heavy Lift & Project Forwarding International Magazine

EC green lights Hapag-Lloyd and UASC merger

November 25 - The European Commission has approved the merger between Hapag-Lloyd and UASC - subject to certain conditions, including the latter withdrawing from the North Atlantic trade.

The merger will make the new entity the fifth-largest ocean carrier.

An EC statement said: "The clearance is conditional on the withdrawal of UASC from a consortium on the trade routes between Northern Europe and North America, where the merged entity would have faced insufficient competitive constraint."

EC Competition Commissioner Margrethe Vestager added: "European companies rely on container liner shipping services for their transatlantic shipments. It's very important that the markets remain open." 

The EC also said that the transaction creates limited vertical links between the companies' activities in container liner shipping services and the following services, where Hapag-Lloyd or its controlling shareholders are active: container terminals; inland transportation; freight forwarding, and harbour towage. 

However, the Commission added that it found no competition concerns in these areas, in particular because several other service providers are active in these markets.

 

 

www.hapag-lloyd.com

www.uasc.net

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 448
Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 450
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 406

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.