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

Crowley realigns activities thumbnail image

Crowley realigns activities

May 17 - Crowley Maritime Corporation has realigned its shipping and solutions business units in a bid to enhance its focus on non-asset based customer solutions.
Views: 407
Bob Felix joins UTC thumbnail image

Bob Felix joins UTC

May 17 - UTC Overseas has appointed Bob Felix to its rail logistics team as director of specialised projects.
Views: 625
DEME awarded Hornsea project thumbnail image

DEME awarded Hornsea project

May 17 - DEME Offshore has been awarded a transport and installation contract for Ørsted’s Hornsea Two offshore wind farm, located approximately 89 km off the Yorkshire coast in the UK.
Views: 407
Qube in LCR takeover thumbnail image

Qube in LCR takeover

May 17 - Australia-based Qube Holdings has acquired industrial logistics service provider LCR Group in a deal valued at AUD135 million (USD93.2 million).
Views: 440

Heavy Lift Across The World

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