December 14, 2016

On Tuesday, the South Korean division of global accountancy firm PricewaterhouseCoopers (PwC) recommended the full liquidation of the bankrupt container carrier Hanjin Shipping. 

“Liquidating Hanjin is more economically viable than letting it continue business on a going concern basis,” the firm said in a Korean court filing.

December 8, 2016

PRESS RELEASE

Hapag-Lloyd held a naming ceremony for the “Valparaíso Express”, the first of five new vessels in its new 10,500 TEU class, today. Mrs. Rozío Gonzaléz, the wife of Mr. Andrónico Luksic, Chairman of the Board of the Quiñenco Group, performed the ceremony at the Terminal Pacifico Sur (TPS) in the port of Valparaíso, where the new ship will call regularly in future.

December 2, 2016

PRESS RELEASE

Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals.

November 23, 2016

The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line Hapag-Lloyd and the United Arab Shipping Company (UASC).

The merger would create a combined company worth about seven to eight billion euros ($7.5 to $8.6 billion). It would be the world’s fifth largest shipping firm, with access to the Asia-to-Europe trade route and trans-Atlantic and trans-Pacific routes.