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Source: Jamaica Plain Gazette
Source: TTD / AFL-CIO
Denmark-based Maersk Group’s APM Terminals owns more than 25% of Global Ports Investments (GPI), with Russian partners, and GPI is hoping to acquire the National Container Company (NCC), giving the group control over the majority of Russian container shipping in the Black Sea, the Baltic Sea, the Gulf of Finland and the Arctic.
Analysis: The deal still has to be approved by competition authorities in Russia, Ukraine and Cyprus as well as by the Russian Control Commission. If it is approved, in all likelihood Maersk’s APM Terminals will emerge as majority shareholder because the Russian partners in this venture may not be able to come up with the capital. What Maersk’s APM will be gaining, quite simply, is near monopoly control over this container shipping market—even if the business is slowing and if the deal means taking on heavy debt.
More at Oilprice.com
Rolf Habben-Jansen will replace Michael Behrendt as the new chairman of Hapag-Lloyd’s executive board, as of July 2014, after Behrendt leaves his position of more than 12 years on 30 June.
Having previously worked at the Royal Nedlloyd Group and DHL, Habben-Jansen became chief executive officer of Damco NV in 2009. Hapag-Lloyd described him as a successful and experienced manager in the logistics sector.
More at Supply Chain Standard
Source: NYTimes
Source: WBAY
Source: Lansing State Journal
Source: Fibre2Fashion
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