Following its takeover of UASC German container line Hapag-Lloyd is putting newbuilding orders on hold for the next few years.
News ID: 77303 Publish Date : 2017/11/18
The completion of the merger between Germany’s container carrier Hapag-Lloyd with UAE-based counterpart UASC will result in cutting of up to 12 percent of its almost 11,000 land-based workforce, the company’s spokesperson confirmed to World Maritime News.
News ID: 74311 Publish Date : 2017/06/05
HAPAG-Lloyd’s long-awaited merger with United Arab Shipping Co is understood to have been signed off and will be officially announced next week, ahead of the German carrier’s annual general meeting on May 29.
News ID: 74002 Publish Date : 2017/05/21
Hapag-Lloyd:
Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC .
News ID: 73133 Publish Date : 2017/04/03
The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line Hapag-Lloyd (HLAG.DE) and the United Arab Shipping Company ( UASC ).
News ID: 70528 Publish Date : 2016/11/25
Last week’s merger agreement between German shipping major Hapag-Lloyd and United Arab Shipping Company ( UASC ) was made amid ‘significant financial challenges’ that both companies are facing.
News ID: 67770 Publish Date : 2016/07/25