Latest news from Heavy Lift & Project Forwarding International Magazine

Hapag discusses UASC merger

April 21 - Hapag-Lloyd has confirmed that it is currently discussing forms of cooperation with United Arab Shipping Company (UASC), including a potential combination of the two parties' mutual container shipping operations.

In case of a business combination, said Hapag-Lloyd, the parties are basing their discussions on a relative valuation of Hapag-Lloyd at 72 percent and UASC at 28 percent, all of which is subject to a mutually satisfactory completion of the negotiations and the mutual due diligence exercise.

To date, the discussions conducted between the two carriers have not resulted in any binding agreement and no assurance can be given that these discussions will lead to a definitive agreement, concluded Hapag-Lloyd.

www.hapag-lloyd.com

www.uasc.net

Heavy Lift | News

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Ceva launches BRI block train

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Crowley promotes Sandra Goranovic thumbnail image

Crowley promotes Sandra Goranovic

April 22 - Crowley Maritime has appointed Sandra Goranovic as vice president of finance and accounting for the Crowley Shipping business unit.
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Penman joins Malin React

April 22 - Malin Group has named Graham Penman as business unit manager of its recently launched Malin React division.
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Big Bend Channel expanded

April 22 - Port Tampa Bay in Florida has completed the USD63 million expansion of the Big Bend Channel, one year ahead of schedule.
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