Shipping Trade and Transport News 9th November 2015

 

Company News

 

Hapag- Lloyd

Shares in Hapag-LLoyd received a lukewarm reception confirming uncertainty of the stock markets and the industry iteself. Hapag-Lloyd have postponed the initial public offering  and have trimmed the shares on offer and lowered the price range.to attract better trading.

CMA-CGM

The company has announced that it is in talks to buy Neptune Orient (Singapore)  It would seem a preliminary offer has been made to NOL which is currently valued at $2.7 billion.

Maersk 

The worlds largest container ship operator is slashing jobs and cancelling and or delaying orders. The container operator is expecting to cut 4000 jobs from its current staff of 23,000. It has also stated it is cancelling the purchase of six Triple-E vessels..

Trade News

 

"Britain can survive outside EU, says Cameron"

Britain can survive outside the European Union, Prime Minister David Cameron said on Monday as he denied he was planning to campaign for Britain to stay in the EU regardless of the outcome of reform talks.

Customs UCC 

 

Details have been released concerning the implementation of the codes starting 1st January 2016. AEO will also  be amended to fall in line with the EU agreements and its operation alongside UCC.

Felixstowe Trade College has made available a free help line to assist traders with information and  advice The help line number is 01394 458554