Latest news from Heavy Lift & Project Forwarding International Magazine

Hapag-Lloyd and UASC complete merger

May 24 - Hapag-Lloyd and United Arab Shipping Company (UASC) have completed the merger between the two liner shipping companies.

The process of combining Hapag Lloyd's 118 services with the 45 services that make up UASC's network will start in approximately eight weeks, says Hapag Lloyd.

UASC's 58 vessels will be integrated into the fleet of Hapag-Lloyd, meaning the combined fleet will include a total of 230 vessels, with an average ship age of 7.2 years and an average vessel size of 6,840 teu. According to Hapag-Lloyd, the combined entity will have an estimated annual transport volume in excess of 10 million teu.

The two majority shareholders of UASC, Qatar Investment Authority, through its subsidiary Qatar Holding LLC, and the Public Investment Fund of the Kingdom of Saudi Arabia (PIF), will become shareholders of Hapag-Lloyd. The other UASC shareholders are the Kuwait Investment Authority on behalf of the state of Kuwait, the Iraqi Fund for External Development (IFED), the UAE and Bahrain, which will be reflected with a combined 3.6 percent of the shares of Hapag-Lloyd as free float shares.

Heavy Lift | News

BigMove goes digital for licenses thumbnail image

BigMove goes digital for licenses

July 17 - BigMove – a European alliance of 13 medium-sized logistics companies – is introducing digital driving licenses for its network of 1,000 drivers.
Views: 42
ESTA joins EC best practice project thumbnail image

ESTA joins EC best practice project

July 16 - The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
Views: 506
LDA installs kite system  thumbnail image

LDA installs kite system 

July 16 - Louis Dreyfus Armateurs (LDA) has fitted its ro-ro vessel Ville de Bordeaux with an AirSeas kite system, as it looks to develop the use of wind propulsion technologies.
Views: 432
Sarens partners with Moir Crane thumbnail image

Sarens partners with Moir Crane

July 16 - Sarens has teamed up with Canada’s Moir Crane as the two companies look to capitalise on the region’s upcoming construction projects.
Views: 555

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