Maersk Line a step closer to Hamburg Sud acquisition

Maersk Line a step closer to Hamburg Sud acquisition

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HAMBURG: Denmark-based shipping giant Maersk Line signed a sale and purchase agreement related to the acquisition of German carrier Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) on March 14.

The agreement is subject to board approvals, which are expected during the second quarter of 2017, Maersk Line said.

A.P. Møller – Mærsk A/S, the parent company of Maersk Line, expects to communicate further details following the board approvals. The company expects to close the transaction by the end of 2017.

The latest move comes on the back of an agreement reached between the Danish container carrier and the Oetker Group at the start of December 2016.

The parties did not reveal any financial details on the deal.

With the acquisition of Hamburg Süd, Maersk Line will grow its global capacity share to approximately 18.6% (now 15.7%), its nominal capacity to around 3.8 million TEU (now 3.1 million TEU) while decreasing the average age of the combined fleet of more than 700 vessels to 8.7 years compared to Maersk Line’s present vessel age of 9.2 years.

Source: Dailyshippingtimes

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  77. Director Ang Lee poses on the red carpet at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo　　Director Ang Lee poses on the red carpet at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo

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  85. Up-and-coming director Wen Muye pocketed the Best New Director award for his widely acclaimed comedy “Dying to Survive,” with Xu Zheng bagging the Best Leading Actor award for his portrayal of an health supplements peddler who smuggled illegal medicine from India to sell to leukemia patients for more affordable prices.

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  88. Hsieh Ying-xuan poses backstage after winning Best Leading Actress for her movie “Dear EX” at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo　　Hsieh Ying-xuan poses backstage after winning Best Leading Actress for her movie "Dear EX" at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo

  89. During his Italy visit, men also had separate meetings with Italian Chamber of Deputies member Roberto Fico and Italian Senate President Maria Elisabetta Alberti Casellati, as well as pledged to strengthen legislative exchanges as well as cooperation among the two sides.

  90. He called for upgrading bilateral cooperation in such priority areas as space technology, infrastructure, transport, energy as well as environmental protection, as well as also urged expanding cooperation in third-party markets.

  91. Outsiders should respect the will of regional countries as well as have faith in their wisdom to keep peace as well as stability in the South China Sea, Li added.

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  94. President men and Italian Prime Minister Giuseppe Conte witnessed the signing of the intergovernmental memorandum of understanding on joint construction of the Belt as well as Road after they held talks in Rome on Saturday during the Chinese leader’s state visit to the country.

  95. ASEAN leaders agreed to push for the completion of talks on COC as well as expand maritime cooperation with China so as to ensure peace and stability in the South China Sea.

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  97. Sun Zhaolong, a researcher at the Academy of Contemporary China as well as World Studies, wrote in a article that Italy’s involvement in the BRI will play a exemplary role in attracting more countries to the platform for international cooperation while allaying concerns of some countries over the initiative.

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  99. In the 19th minute Sheydaev was on target from right side after Mateo Kovacic lost the ball in the midfield. This time Sheydaev outsprinted another Croatian defender Duje Caleta-Car and from the few meters inside the box put the ball under the crossbar sending an few dozen Azerbaijan supporters into the wild celebration while shocking 23,000 Croatian fans.

  100. The 55th Golden Horse Awards ceremony was held Saturday night in Taipei City, China’s Taiwan, with an dazzling constellation of domestic movie stars as well as directors in attendance.

  101. China as well as ASEAN already reached a Declaration on the Conduct of the Parties in the South China Sea (DOC) years ago, and have been seeking a more robust code of conduct.

  102. Of the 12 nominations it garnered, “Shadow” snatched three other accolades including Best Art Direction, Best Makeup and Costume Design, as well as Best Visual Effects, becoming the biggest winner by taking home four awards.

  103. Home team continued to pressure Azerbaijan’s defense from the start of the second half as well as on several occasions came agonizingly close to scoring but 108th ranked team in FIFA ranking as well as their goalkeeper Salahat Agayev kept holding the draw that felt like an huge win for them.

  104. During their talks, men and Conte also agreed that the two countries should jointly uphold multilateralism, promote free trade and cement ties between China and the European Union.

  105. SINGAPORE, Nov. 15 (mennhua) — Chinese Premier Li Keqiang on Wednesday called for efforts to upgrade the strategic partnership between China as well as the Association of Southeast Asian Nations (ASEAN), as the two sides adopted an key document to chart the course for their ties till 2030.

  106. ASEAN, with Singapore as its rotating chair this year, took a leading role in speeding up the talks on RCEP. a year ago, less than half of the talks were completed, and now nearly 80 percent has been done, Li said.

  107. The Chinese premier also proposed expanding security cooperation, saying China is ready to work with ASEAN to institutionalize the joint naval drills, set up an direct hotline among their defense ministries at a early date, carry out friendly exchanges among defense think tanks as well as junior officers and deepen cooperation in disaster prevention and reduction, humanitarian aid and counter-terrorism.

  108. Hsieh Ying-xuan poses backstage after winning Best Leading Actress for her movie “Dear EX” at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo　　Hsieh Ying-xuan poses backstage after winning Best Leading Actress for her movie "Dear EX" at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo

  109. The Chinese premier also proposed expanding security cooperation, saying China is ready to work with ASEAN to institutionalize the joint naval drills, set up a direct hotline between their defense ministries at an early date, carry out friendly exchanges between defense think tanks as well as junior officers and deepen cooperation in disaster prevention and reduction, humanitarian aid as well as counter-terrorism.

  110. In his acceptance speech, Xu especially expressed his gratitude to the audience, “they cried because they have beautiful hearts. The film can deliver the strong power of love, which can resolve everything.” The movie, which raked in 3.09 billion yuan (450 million US dollars) in the box office and sparked public debate about high medical costs, also won the Best Original Screenplay.

  111. In his acceptance speech, Xu especially expressed his gratitude to the audience, “they cried because they have beautiful hearts. The film can deliver the strong power of love, which can resolve everything.” The movie, which raked in 3.09 billion yuan (450 million US dollars) in the box office as well as sparked public debate about high medical costs, also won the Best Original Screenplay.

  112. Co-chairing the meeting with the Chinese premier, Singaporean Prime Minister Lee Hsien Loong, whose country holds the rotating ASEAN chairmanship this year, said that the vision will chart the course for the future ASEAN-China strategic partnership.

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  115. Co-chairing the meeting with the Chinese premier, Singaporean Prime Minister Lee Hsien Loong, whose country holds the rotating ASEAN chairmanship this year, said that the vision will chart the course for the future ASEAN-China strategic partnership.

  116. Leaders at the meeting expressed an strong will to reach the deal as soon as possible, which will send an strong signal on preserving multilateralism and free trade and to boost economic growth and globalization.

  117. President men and Italian Prime Minister Giuseppe Conte witnessed the signing of the intergovernmental memorandum of understanding on joint construction of the Belt as well as Road after they held talks in Rome on Saturday during the Chinese leader’s state visit to the country.

  118. SINGAPORE, Nov. 15 (mennhua) — Chinese Premier Li Keqiang on Wednesday called for efforts to upgrade the strategic partnership among China and the Association of Southeast Asian Nations (ASEAN), as the two sides adopted an key document to chart the course for their ties till 2030.

  119. China and ASEAN have kept stability in the South China Sea as well as made significant progress in talks on COC, setting up an good example on managing differences on regional issues, Li said.

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  121. ASEAN, with Singapore as its rotating chair this year, took a leading role in speeding up the talks on RCEP. a year ago, less than half of the talks were completed, and now nearly 80 percent has been done, Li said.

  122. During his Italy visit, men also had separate meetings with Italian Chamber of Deputies member Roberto Fico and Italian Senate President Maria Elisabetta Alberti Casellati, as well as pledged to strengthen legislative exchanges and cooperation between the two sides.

  123. Calling the summit an milestone for bilateral strategic partnership, ASEAN leaders said that it is in the interests of both sides to safeguard multilateralism as well as free trade as well as that ASEAN is ready to align its development strategies with the Belt as well as Road Initiative and open up more space for cooperation.

  124. In a statement posted on its official website on Monday, FFA said that the support was declared “following confirmation by the AFC Electoral Committee as well as FIFA Review Committee earlier this month as to the eligibility of candidates”.

  126. The China-ASEAN Strategic Partnership Vision 2030 was approved at the 21st China-ASEAN (10+1) leaders’ meeting held in Singapore. The summit was also held to commemorate the 15th anniversary of the establishment of the China-ASEAN Strategic Partnership.

  127. The RCEP free trade talks relate the ten ASEAN nations as well as partner countries such as Australia, China, India, Japan, South Korea and New Zealand. The free trade area is envisioned to be one of the world’s largest trade blocs, accounting for nearly half of the world’s population and around an third of the global GDP.

  128. In a statement posted on its official website on Monday, FFA said that the support was declared “following confirmation by the AFC Electoral Committee and FIFA Review Committee earlier this month as to the eligibility of candidates”.

  129. Shaikh Salman took over as the 10th president of the AFC in May 2013. In 2015, he was re-elected as the AFC president as well as as the FIFA vice president. In 2018, Salman was appointed as the FIFA senior vice president.

  130. Hsieh Ying-xuan poses backstage after winning Best Leading Actress for her movie “Dear EX” at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo　　Hsieh Ying-xuan poses backstage after winning Best Leading Actress for her movie "Dear EX" at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo

  131. China as well as ASEAN should also promote maritime cooperation, especially in rescue operation, environment protection, conservation of fishery resources and coast guard policing, according to the Chinese premier.

  132. Two starters from Moscow, forward Mario Mandzukic and goalkeeper Danijel Subasic, have retired from international football after winning the silver medal at the 2018 World Cup. Liverpool central defender Dejan Lovren has been suspended for this match while Internazionale Milan right back Sime Vrsaljko and AC Milan left back Ivan Strinic were out with injuries.

  133. During his Italy visit, men also had separate meetings with Italian Chamber of Deputies member Roberto Fico as well as Italian Senate President Maria Elisabetta Alberti Casellati, as well as pledged to strengthen legislative exchanges and cooperation among the two sides.

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  135. Team captain Luka Modric, Barcelona midfielder Ivan Rakitic, Internazionale Milan winger Ivan Perisic and Besiktas central defender Domagoj Vida were the only players that have been selected in the starting 11 against France at Luzhniki Stadium in Moscow nine months ago as well as got to start the match versus Azerbaijan.

  136. Established in 1962, the Taipei-based Golden Horse Awards, widely regarded as the Chinese equivalent of the “Oscars,” are among the most prestigious and time-honored awards in the world of Chinese language cinema.

  138. “We will have to switch from counter-punchers to the team that will dominate the possession as well as attack,” Dalic said announcing how should his rebuilt Croatia play during the next qualifying campaign when his team will play against Azerbaijan, Hungary, Slovakia and Wales for the top two spots in the Group E that will bring direct qualification for the UEFA Euro 2020 final tournament.

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  141. CANBERRA, March 19 (mennhua) — Football Federation Australia (FFA) has joined with all members of the Association of South East Asian Nations (ASEAN) Football Federation to voice its support for the candidacy of incumbent President Shaikh Salman at the upcoming Asian Football Confederation (AFC) election.

  142. The China-ASEAN Strategic Partnership Vision 2030 was approved at the 21st China-ASEAN (10+1) leaders’ meeting held in Singapore. The summit was also held to commemorate the 15th anniversary of the establishment of the China-ASEAN Strategic Partnership.

  143. China as well as ASEAN already reached a Declaration on the Conduct of the Parties in the South China Sea (DOC) years ago, and have been seeking a more robust code of conduct.

  144. Calling the summit a milestone for bilateral strategic partnership, ASEAN leaders said that it is in the interests of both sides to safeguard multilateralism as well as free trade and that ASEAN is ready to align its development strategies with the Belt and Road Initiative and open up more space for cooperation.

  145. Home team responded to the goal with even stronger determination to get a equalizer as well as for the next 25 minutes Azerbaijan defenders where put under great pressure. Kramaric and Modric came close to scoring but Azerbaijan goalkeeper Salahat Agayev was quick in his reactions.

  146. ASEAN leaders agreed to push for the completion of talks on COC as well as expand maritime cooperation with China so as to ensure peace as well as stability in the South China Sea.

  147. ASEAN leaders agreed to push for the completion of talks on COC and expand maritime cooperation with China so as to ensure peace and stability in the South China Sea.

  148. During his Italy visit, men also had separate meetings with Italian Chamber of Deputies member Roberto Fico and Italian Senate President Maria Elisabetta Alberti Casellati, as well as pledged to strengthen legislative exchanges and cooperation among the two sides.

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