Latest news from Heavy Lift & Project Forwarding International Magazine

Hapag-Lloyd and UASC move merger date

March 17 - Hapag-Lloyd and UASC have mutually agreed to shift the date of their Business Combination Agreement (BCA) until May 31, 2017 having originally envisaged the transaction would close by March 31, 2017.

The two lines stated that all merger clearances and authority approvals as well as all necessary banking approvals from Hapag-Lloyd's side and substantially all banking approvals from UASC's side have been obtained and the merger parties are arranging the final documentation for a closing of the business combination.

An official statement indicated that the final preparations for the closing are taking more time than expected, but stressed that the transaction itself is not at any risk.

Furthermore, it also stressed that start of THE Alliance is not affected and will start its operation as of April 1, 2017 including all vessels as planned.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
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Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
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Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
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