German carrier Hapag-Lloyd and Kuwait-based rival United Arab Shipping Company (UASC) completed their merger on May 24, the union strengthening Hapag-Lloyd’s position as the…
EC gives conditional clearance to Hapag-Lloyd and UASC merger
The European Commission (EC) has approved the proposed acquisition by German carrier Hapag-Lloyd of Middle East-based rival United Arab Shipping Company (UASC) subject to…
Hapag-Lloyd capital restructuring for UASC merger gets shareholders’ nod
German shipping liner Hapag-Lloyd’s shareholders has approved the creation of new authorized share capital to see through the planned merger with Arabian rival United…
Global box carriers Hapag-Lloyd and United Arab Shipping Company (UASC) announced on July 18 that they have signed an agreement to combine business operations,…
Top box liners bare new merger, alliance moves amid depressed market
As container lines struggle to remain profitable in a market beset by overcapacity and weak demand, two liners have announced merger talks, while four…
