Germany
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Europe
Maersk rings the changes at Hamburg Süd
Ahead of Maersk Line’s anticipated closing of its $4bn deal to take over Hamburg Süd, due by the fourth quarter…
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Europe
Diana Containerships fixes panamax to Hapag-Lloyd
Diana Containerships has entered into a time charter with Hapag-Lloyd for 3,430 teu panamax container vessel . The 2010-built vessel…
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Europe
Maersk Line’s acquisition of Hamburg Süd progresses as $4bn price revealed
The boards of both Maersk Line and Oetker Group have approved the recently agreed sale and purchase agreement for the…
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Europe
Bertram Rickmers willing to relinquish control to save company
Bertram Rickmers has pledged to relinquish control of Rickmers Holding in a restructuring bid to stave off creditors. Rickmers Holding…
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Europe
German banks thaw out
Like spring, the snow is beginning to melt at German banks – the thaw is finally here. In the year…
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Containers
Leonhardt & Blumberg and Buss Shipping combine ship management operations
German feeder containership specialists Leonhardt & Blumberg Reederei and Buss Shipping have agreed to merge their ship management activities, forming…
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Europe
MPC Container Ships launches with $100m aimed at the feeder market
Germany has a new niche boxship investor. MPC Capital has initiated an investment company with a focus on small-size container…
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Europe
EU approves Maersk’s Hamburg Sud buyout
Maersk Line won EU antitrust approval on Monday for its buy out of Hamburg Sud having committed to pull the…
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Europe
Lloyd’s Register buys into Hanseaticsoft in bid to deliver shipping 4.0
British classification society Lloyd’s Register (LR) has made a “significant investment” in Hamburg-based ship management software provider Hanseaticsoft. Hanseaticsoft provides…
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Europe
HNA in the running to buy HSH Nordbank
China’s HNA Group and Apollo Global Management are among at least five potential names to have lodged preliminary bids for…
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Europe
Hapag-Lloyd’s merger with UASC reportedly being held up by Qatari sovereign wealth fund
Qatar’s intransigence over its commitment to containerline United Arab Shipping Company (UASC) is believed to be holding up the complex…
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Europe
Banks force Hansa Treuhand to slash fleet in half
European ship finance sources tell Splash that beleaguered Hansa Treuhand is being forced to slash its fleet in half. One…
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Americas
Colombian authorities find cocaine haul on German container ship
Colombian authorities have discovered a haul of cocaine hydrochloride in a German-owned container ship, the South American nation’s attorney general…
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Europe
German logistics company takes 40% stake in Arkon
German logistics giant Rhenus has swooped to take a 40% stake in compatriot Arkon Shipping, an owner with 119 ships…
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Europe
Oldendorff converts bulker into transloader
German carrier Oldendorff has contracted Chinese yard CSSC Chengxi Shipyard to convert its 88,266dwt post panamax bulk carrier into a…
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Europe
CMA CGM and Sinokor in for Conti boxships
With German banks finally getting around to clearing out the nation’s ailing lines a trio of Conti ships have gone…
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Europe
Hapag-Lloyd’s merger with UASC delayed by two months
Germany’s Hapag-Lloyd is pushing back completing its merger with fellow containerline United Arab Shipping Company (UASC) by two months, pending…
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Europe
Claus-Peter Offen to take over Conti
Hamburg shipowner Claus-Peter Offen has announced plans to take over Munich-based Conti Group. Under the agreement between the two companies, Claus-Peter…
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Europe
Bremer Landesbank flags heavy shipping losses
Another German bank has flagged its heavy exposure to losses from shipping loans. Bremer Landesbank warned yesterday it estimates a…
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Europe
THE Alliance creates first liner emergency fund in the wake of Hanjin’s demise
With just over three weeks till kick off THE Alliance today announced its final network after all needed preparations have…
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