A managing partner of Bank Berenberg, Germany’s oldest bank, is being investigated for insider trading of Hapag-Lloyd shares in 2017

Hapag-Lloyd has been experimenting with steel-floored containers and now has around 1,000 units in service. Steel floors in dry boxes have been tried previously, notably by CP Ships in 2001 and the Institute of International Container Lessors, which started a testing programme in 2008. The latter project involved 400 containers, most of which had mixed hardwood/steel floors, including the “Omega floor”.

Hapag-Lloyd has reported improved 1Q results, with freight rates up 4.2% year on year and losses significantly reduced

TUI has sold Hapag-Lloyd in a deal worth €4.45B (US$6B) that keeps the shipping line in German hands. The deal is the biggest in the shipping industry since A P Moeller-Maersk, the world’s largest shipping line, bought Royal P&O Nedlloyd for €2.5B in 2005.

There are two contenders to take over Hapag-Lloyd – the Alfred Ballinn consortium (the so-called “Hamburg Solution”) and NOL, the parent of APL. Both have confirmed making non-binding offers to Hapag-Lloyd owner TUI and they are the only groups that have been admitted to the due diligence process.

Morgan Stanley Investment Management has acquired an 80% stake in Montreal Gateway Terminals (MGT), which operates the Cast and Racine container terminals in the Port of Montreal.

A managing partner of Bank Berenberg, Germany’s oldest bank, is being investigated for insider trading of Hapag-Lloyd shares in 2017

Hapag-Lloyd has been experimenting with steel-floored containers and now has around 1,000 units in service. Steel floors in dry boxes have been tried previously, notably by CP Ships in 2001 and the Institute of International Container Lessors, which started a testing programme in 2008. The latter project involved 400 containers, most of which had mixed hardwood/steel floors, including the “Omega floor”.

Hapag-Lloyd has reported improved 1Q results, with freight rates up 4.2% year on year and losses significantly reduced

TUI has sold Hapag-Lloyd in a deal worth €4.45B (US$6B) that keeps the shipping line in German hands. The deal is the biggest in the shipping industry since A P Moeller-Maersk, the world’s largest shipping line, bought Royal P&O Nedlloyd for €2.5B in 2005.

There are two contenders to take over Hapag-Lloyd – the Alfred Ballinn consortium (the so-called “Hamburg Solution”) and NOL, the parent of APL. Both have confirmed making non-binding offers to Hapag-Lloyd owner TUI and they are the only groups that have been admitted to the due diligence process.

Morgan Stanley Investment Management has acquired an 80% stake in Montreal Gateway Terminals (MGT), which operates the Cast and Racine container terminals in the Port of Montreal.