Tag Archives: Shipping

Maersk Line to Pay $4 Billion for Hamburg Süd

More mergers in ocean carrier ranks. Payback out of savings in 8 years. And what does this do to alliances?  We’ll find out, won’t we?

Maersk has finalized its purchase of container shipping line Hamburg Süd from the Oetker Group after both boards approved a Sale and Purchase Agreement today.

Source: Maersk Line to Pay $4 Billion for Hamburg Süd – Supply Chain 24/7

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By Mike Wackett (The Loadstar) – “Organised chaos” – that’s how one carrier describes the Asia-Europe schedules of the Ocean and THE alliances, believing there’s very little hope of vessels hitting itineraries before June. The source, an alliance member, told The Loadstar the transition of ships and containers from previous schedules to their new alliance hubs […]

screenshot-gcaptain.com 2017-04-28 10-03-26Source: New Shipping Alliances Bringing Chaos to Asia-Europe Tradelanes – gCaptain

Newly Raised Section of Bayonne Bridge Open to Traffic

The bridge in New York is open to traffic, but the big ships cannot pass yet.  Nevertheless, it’s just a matter of some time till the Port of New York/New Jersey starts accommodating the larger ships that can use the Panama Canal now.  This may give the New York area ports a big boost over the other East Coast competition.

BAYONNE, N.J. (AP) — The newly raised Bayonne Bridge is back in business.

Source: Newly Raised Section of Bayonne Bridge Open to Traffic | New York News | US News

EC clears the way for Maersk takeover of Hamburg Süd – The Loadstar

Maersk is one step closer to its proposed merger with Hamburg Sud. It required an agreement for Hamburg Sud to drop out of five other alliances it was a part of when the deal closes, possibly by the end of 2017.  Radical reorganization of the alliances is going to play havoc with shippers’ plans, of course, and require new contracts all around.  The transaction costs to shippers will be substantial.  And no one will defray this burden, unless Maersk and the other alliances cut rates accordingly to help convince shippers to go through the change.

Long term it might benefit shippers.  But in the shorter run it’s hard to see how.

There are still four countries that need to approve the deal, so it will be a while before we learn all the fallout from the merger.

Source: EC clears the way for Maersk takeover of Hamburg Süd – The Loadstar