Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
By Mike Wackett
The European Commission yesterday approved the merger between Hapag-Lloyd and UASC – subject to the latter withdrawing from the North Atlantic trade.
A Hapag-Lloyd spokesman told The Loadstar the company was “delighted” with the news.
With a combined capacity of 1,478,236 teu, the merger will make the new entity the fifth-largest ocean carrier, well ahead of Evergreen, at 991,470 tea, and marginally behind China Cosco Shipping, which has a capacity of 1,572,335 teu.
An EC statement said: “The clearance is conditional on the withdrawal of UASC from a ...
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