Shipping Trade and Transport Updates for 2nd November 2015

 

 

 

 

Hapag-Lloyd AG adjusted its initial public offering plan for the third time this month which may  deprive part-owner TUI AG of an option to sell any of its holding, This is partly caused a dismal outlook from shipping-industry leader A.P. Moeller-Maersk A/S.

 

 

 

 

 

 

 

 

 

United Arab Shipping Company (UASC), one of the fastest-growing shipping lines in the industry, is reportedly in advanced negotiations with Korean yards for another US $1-billion order. The initial contract will be for seven vessels, with the option for seven more in the coming years 11,000 TEU capacity