Carriers pushing rate hikes ahead of new year service suspensions
Asia-Europe ocean carriers are making one final attempt to hike rates on the troubled tradelane ...
“So, how about this merger between Hapag-Lloyd and United Arab Shipping Company – what do you make of that?”
(‘It’s not going to be a fairy tale’, was what initially sprang to my mind when my editor asked, but I didn’t say it)
For over two weeks, I have tried to come up with something really good to satisfy The Loadstar editors. But I am still nervous, and not only because all the voices feeding the rumour mill at Loadstar Towers believe ...
Comment on this article
Mohamed
May 30, 2016 at 1:06 pmThis could also be an entity with integrated services of both Hapag and UASC but will have to wait for the June 2 meeting of UASC to find out what will happen.
Joshep
June 01, 2016 at 12:46 amI heard that UASC will acquire Hapag with their oil money. all press say hapag and uasc become a combination organization. after vote on 2nd of June, it will be chaged.
Ale Pasetti
June 09, 2016 at 10:26 amThanks for your comment, joshep. I doubt UASC will end up with a majority stake in the combined entity, although I have no doubt that UASC will want to retain more than 28%.
Ale Pasetti
June 09, 2016 at 10:28 amThanks Mohamed. I was told this week we may have to wait until the second half of July.