EU News for Shipping Trade and Transport  2nd November 2015

Takover

US credit card issuer Visa Inc.  is buying back its former subsidiary Visa Europe which involves a US$23.5 billon deal identifying increased scale and efficiencies.

 Inflation

Eurozone inflation rose to zero per cent and out of negative territory in October, based ona report issues last Friday,  h owever the level is still lower than expected and will press the European Central Bank to pump up its stimulus.

Working with Turkey 

The European Union said Monday it looked forward to working with the new Turkish government after elections showed the people's "strong commitment" to democracy as it waited for an international report on the vote.

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