The fire-hit Yantian Express containership has arrived at Port of Freeport, Bahamas and berthed on 4 February, going through fire inspection and decontamination.
General Average has been declared on the Hapag-Lloyd containership Yantian Express which suffered a container fire on 3 January.
AP Moller-Maersk, CMA CGM, Ocean Network Express (ONE), Hapag-Lloyd and MSC have joined hands to form a new container shipping association to pave the way for digitalisation, standardisation and interoperability in the container shipping industry.
With a renewed eye on the Middle East and Africa, Hapag-Lloyd has announced that it is continuing to focus on the growing market in East Africa, with the recent launch of new dedicated services as well as forays into the intermodal market.
A week ago we wrote that the latest round of consolidation in the container shipping sector appeared largely complete with regulatory approval for Cosco Shipping to buy Orient Overseas International Ltd (OOIL), but yesterday up pops the story that CMA CGM had approached rival Hapag-Lloyd on a stock-for-stock merger.
Hapag-Lloyd has taken delivery of the 15,000 teu Al Jemilyah, the last of a series 17 newbuilds ordered from the Hyundai Samho yard by UASC in the summer of 2013.
Hapag-Lloyd and United Arab Shipping Co (UASC) have completed their merger and will now focus on the integration of the two companies.
The mooted merger between Hapag Lloyd and United Arab Shipping Company (UASC) has apparently run into problems due to worries over the commitment of Qatar Investment Authority, UASC’s top shareholder.
Hapag-Lloyd has postponed the completion date of its takeover of Dubai-headquartered United Arab Shipping Company (UASC).