Hapag-Lloyd's big shareholder Kuehne proposes merger with Hamburg Sud
THE biggest individual shareholder of German flag carrier Hapag-Lloyd, Klaus-Michael Kuehne, has suggested that Hapag-Lloyd merge with Hamburg Sud to restore its old position as fourth largest box carrier with a combined fleet of 1.05 million TEU to compete with the top three: Maersk, MSC and CMA CGM.
- Geodis buys US freight broker Velocity Transport
- Box cargo shifts to bulk vessels to find affordable capacity
- Maersk resumes Yantian calls as nearby ports remain under pressure
- New system launched for first- and last-mile cargo tracking for forwarders
- Egypt agrees to release Ever Given from Suez Canal
- Culina buys Eddie Stobart owner GreenWhiteStar
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