Shipping
Hanseatic Global Terminals Latin America launched
Hanseatic Global Terminals Latin America launched
Maersk imposes SAF surchage amid ReFuelEU regulation
Global industry schedule reliability continues to improve in June
Ocean shipping emissions rebound after Red Sea–driven surge in 2024
Indonesia's ABL strengthens global reach through TSA acquisition
Port of NY/NJ cargo up 4.9% in H1 amid trade uncertainty
Georgia Ports container trade up 8.6% in fiscal year 2025
Interferry urges EU to align with IMO GHG rules, warns of double taxation risks
U.S.-EU agree on trade deal averting another trade war
Yang Ming orders three more methanol dual-fuel ready vessels
Kuehne+Nagel reports H1 growth in sea and air logistics
Asia–North America West Coast demand eases — Sea-Intelligence
Port of Felixstowe welcomes The Premier Alliance
AAL completes delivery of 500MW renewable energy project in Australia
ICS backs IMO net-zero framework but calls for clarity on incentives
DHL says tariff extension fuels more transpacific shipping volatility than help
Yang Ming adds LNG dual-fuel ships to advance fleet upgrade
Port of Long Beach cargo slows in June
Chinese shipyards’ market share drops amid US port fee concerns
Emirates Courier Express expands to Australia
DP World, Asian Terminals deploy first fleet of electric internal transfer vehicles in the Philippines
Houthis cause 18M tons of added CO2 emissions – Sea Intelligence
DHL Express, Neste ink deal to use made-in-Singapore SAF for international flights
Container traffic up at Port of Antwerp-Bruges, total throughput drops
Port of Los Angeles logs busiest June for cargo on record
DaChan Bay Terminals adds India service, boosts China-India logistics corridor
DP World to develop Syria's Tartus port under 30-year deal
Port of Long Beach terminal expansion breaks ground
Singapore named top international maritime centre for 12th straight year
North Europe port congestion to persist through 2025 – Xeneta
US sets new tariff rates on 14 countries as it moved deadline to August 1
Hamburg invests €1.1B in port infrastructure expansion
Gemini switches up Asia service amid Europe's port congestion
Global schedule reliability climbed in May despite trade disruptions
Asia-NAWC capacity volatility more than triples
Containers lost at sea up more than double in 2024
Hong Kong launches up to HK$2M bunkering incentive for LNG, methanol
Sea-Intel finds top deep-sea ports among least reliable
Port of NY/NJ tops US cargo port rankings in May
Maersk to resume port calls in Haifa
Ningbo-Zhoushan Port sets H1 container record
Mawani privatizes cargo terminals at 8 Saudi Ports
BIMCO: Stable demand outlook despite market uncertainties
Hapag-Lloyd rebrands SAAM Terminals
Port of Savannah achieves third month of over half-million TEUs
CMA CGM names Esra Bora as new general manager in China
Maersk halts port calls at Haifa citing threat risks
First mega-boxship transits the Suez Canal in 15 months
ONE adds 13,900 TEU vessel to fleet
Freightos: Iran-Israel conflict not impacting freight yet
CMA CGM says shipping activities ‘proceeding as normal’ in the Middle East
Sea-Intel: Niche carriers seizing Transpacific opportunity again
Hong Kong marks first SIMOPS LNG bunkering at Modern Terminals
Tariffs put brake on cargo volume growth at Port of Los Angeles
MPA, NYK Group expand autonomous ship trials
PSA International joins Global Centre for Maritime Decarbonisation
Chengdu-Shenzhen-Hong Kong rail-sea service launches
Global schedule reliability continues to increase in 2025
Sea-Intel: Major ocean carriers profitability around US$5.9B in Q1 2024
Gebrüder Weiss expands into Thailand
DP World, VIMC Lines launch domestic coastal logistics service
Singapore, France ink enhanced maritime partnership agreement
CMA CGM launches first fully-electric container barge in Vietnam
MSC container ship sinks off India coast
Port of Savannah container trade up 17% in April
DP World to launch US$2.5B logistics infrastructure investment in 2025
Port of Long Beach sees record April, warns of sharp May drop amid tariff impact
Suez Canal introduces rebates to regain containership traffic
CMA CGM warns extended China-US tariffs could disrupt global trade
U.S. slashes ‘de minimis’ tariff on small China parcels to 30%
LA, Long Beach ports warn of continued tariff uncertainty
China-US deescalation may spur early peak season
Yang Ming: US-China trade deal may spur demand, but uncertainty persists
US-China tariff pause offers temporary relief, could fuel another frontloading rush
HAPAG-LLOYD AND UASC TO MERGE
July 20, 2016

Hapag-Lloyd and United Arab Shipping Company have signed an agreement to merge the two shipping lines.

 

“This strategic merger makes a lot of sense for both carriers – as we are able to combine UASC’s emerging global presence and young and highly efficient fleet with Hapag-Lloyd’s broad, diversified market coverage and strong customer base,” said Rolf Habben Jansen, CEO of Hapag-Lloyd. “Furthermore it will give the new Hapag-Lloyd access to ultra-large container vessels. After the successful integration of CSAV, which was concluded mid of 2015, this transaction with UASC is another historic milestone for Hapag-Lloyd. The merger reinforces our position as a top five and one of the largest truly global carriers in liner shipping.”

 

According to the German shipping line, the new Hapag-Lloyd will have 237 vessels with a total capacity of about 1.6 million TEUs, a transport volume of 10 million TEUs per year and a combined turnover of approximately US$12 billion.

 

Hapag-Lloyd will also set up a fifth regional centre in Dubai to take advantage of UASC’s presence in the Middle Eastern market.

 

“With this merger, we are embarking on an exciting new phase of UASC´s growth,” said Jorn Hinge, president and CEO of UASC. “Leveraging on UASC’s heritage in the Middle East as well as our recent growth in other markets, the combined company will provide customers with valuable expertise and very efficient service offerings in all major trade lanes and markets around the world.”

 

Hapag-Lloyd will be part of THE Alliance, announced in May 2016, together with Hanjin Shipping, “K” Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha Line and Yang Ming, with operations to begin in April 2017.

 

The merger is expected to be completed by the end of 2016, according to Hapag-Lloyd.