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

Port of Açu names José Firmo as CEO thumbnail image

Port of Açu names José Firmo as CEO

September 16 - The port of Açu – a privately owned industrial complex in São João da Barra, Brazil – has appointed José Firmo as its ceo, effective November 1.
Views: 156
MIS moves engine across Oman thumbnail image

MIS moves engine across Oman

September 13 - Muscat International Shipping & Logistics (MIS) has transported a 140-ton (127-tonne) Wärtsilä engine from a power station in Khasab to Duqm, Oman.
Views: 549
XLP gathers in Dubai thumbnail image

XLP gathers in Dubai

September 13 - Almost 160 delegates from around the world gathered in Dubai last week for the XLProjects (XLP) annual general meeting (AGM).
Views: 419

Heavy Lift Across The World

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