From containers to tankers, from ship owning to ship management, market forces continue to incentivise mergers and acquisitions
Bank sells JR Shipping debts to UK-based fund ahead of privatisation
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Pressure is growing for more ambitious decarbonisation targets. Efficiency looks doable, and there are other, smaller ways shipping can better measure and reduce its emissions. But the bigger goal of future fuels looks vexing as ever
After reporting record-breaking profits for 2020, Zim is aiming even higher. With contract rates up 50% this year, and strong demand forecast to continue, the once debt-laden line is now one of the sector’s most profitable operators
Hapag-Lloyd has turned its eye to Africa’s emerging markets. It believes its acquisition of NileDutch gives a good starting point in this key growth area and provides a boost to its service portfolio
Acquisition of Netherlands-based container line will add 10 services and 35,000 teu of capacity to Hapag-Lloyd’s network
US-based Crowley Maritime joins forces with Denmark’s Esvagt for new service vessels, while Edda Wind, a venture of Wilhelmsen and Østensjø, is preparing to list on what was Oslo’s Merkur Market
Leif Höegh & Co partners with Morgan Stanley to buy the remaining 50.4% of Norway’s liquefied natural gas specialist, whose board has recommended shareholders approve the offer that would bring the company back under the Höegh family’s control
Government said the consolidation plan would help local ports to differentiate their roles and work together for the overall benefit of the regional economy
The survey report concludes that the cost of upgrading fleets to clean technology is likely to overwhelm small, independent family shipowners. They will consolidate, go public or die
The acquisition is being funded through internal resources as Yangzijiang widens its base of related companies
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