Hapag-Lloyd said it’s facing a challenging start to 2017.
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The IPO comes three years after the Stobart Group took Eddie Stobart private to pay down debts.
Freight volumes have surged 23 percent in the first two months of 2017.
Traffic began to take off in the second half of the year.
The decision on the deal, said to be worth around $4 billion, was due on March 27.
The bids for a 40-year operating concession will be submitted to the London office of US investment bank Morgan Stanley.
“Shippers along these routes will get the best transit times, most competition, and cheapest rates. The reverse will be true for niche shippers.”
Rickmers Maritime’s loss rose to $180.1 million in 2016 from $129.2 million a year earlier.
The International Dockworkers’ Council on Monday called off worldwide strikes slated for March 23.
The company posted a record adjusted EBITDA margin of 54.4 percent.
The services to the US Southeast are the latest in a series of trans-Pacific services the Haifa-based carrier has been introducing ahead of the restructuring of the global vessel-sharing agreements...
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