Hamburg Süd has signed a preliminary agreement to acquire the container operations of the Valparaiso, Chile-based Compañía Chilena de Navegación Interoceánica, or CCNI, by Dec. 31, 2014.
06 May 2014
Lufthansa Cargo said it will expand its “lucrative “express products business in 2014 as first quarter profit declined 25 percent year-on-year in a stalling global air freight market.
30 Apr 2014
Ron Widdows, the high-profile U.S. chief executive officer of Rickmers Group, will step down from his post tomorrow, May 1, the leading German shipowner announced today as it posted its 2013 results.
24 Apr 2014
Hapag-Lloyd’s largest individual shareholder, Klaus-Michael Kuehne, said the carrier should team up with another line after its forthcoming merger with Chile’s CSAV so it can compete more effectively with the world’s top three carriers.
22 Apr 2014
The planned merger of Germany’s Hapag-Lloyd and Compañia Sud Americana de Vapores (CSAV) moved closer after shareholders controlling just 2.7 percent of the Chilean company’s stock voted against the deal that will create the world’s fourth-largest ocean container carrier.
16 Apr 2014
Hapag-Lloyd and CSAV signed a binding contract to complete a merger to create the world’s fourth-largest container line.
10 Apr 2014
Lufthansa Cargo carried 2.6 percent less freight in March compared with a year ago, but it said the global market shows some signs of recovery as it posted higher revenue and an improved load factor.
10 Apr 2014
HSH Nordbank, the world’s largest ship financier, today announced its net loss soared to €814 million ($1.1 billion) in 2013 from €124 million ($172.4 million) in 2012, and said it doesn’t expect the global shipping market to recover before 2015 at the earliest.
07 Apr 2014
Scandlines, the Danish-German ferry operator, posted a 5.5 percent decline in operating profit last year as increased freight volume was offset by lower passenger and auto traffic.
03 Apr 2014
Deutsche Post forecast its operating profit will top €5 billion ($6.9 billion) by 2020, driven by double-digit growth at its core DHL logistics unit and an accelerating shift towards fast-growing emerging markets.
01 Apr 2014
Hamburg Süd’s revenue declined 3.9 percent in 2013 on subdued demand in its key South American market, falling freight rates and a weaker US dollar.