Commission fines car carrying lines for cartel activities

The European Commission has fined five car carrying shipping lines €395 million for taking part in cartels and breaking EU antitrust rules. It found that CSAV, "K" Line, MOL, NYK and WWL-EUKOR participated in a cartel for the intercontinental maritime transport of vehicles. It was part of a wider action by the Commission that also targeted the supply of car parts. All companies acknowledged their involvement in the cartels and agreed to ... [+]

Hapag Lloyd-CSAV merger complete

Hapag-Lloyd and Chile's Compañía Sud Americana de Vapores (CSAV) have obtained approval for their merger from all relevant national authorities, the two container lines said on 2 December. Contracts for the merger of the two companies were signed back in April in Hamburg. The merged entity will be the fourth biggest ... [+]

CSAV-Hapag merger gains EU approval

The European Union has approved South American shipping line CSAV's merger with Germany's Hapag Lloyd. The two lines signed a binding business combination agreement in April. The Department of Justice of the US had cleared the planned transaction but approvals in a few other jurisdictions are still pending. The merger ... [+]

CSAV to offer London Gateway-India link

Chilean based shipping line CSAV – which recently announced a merger with Hapag Lloyd – is replacing its current three-sling Imex service between Dubai, India and Europe with a single-sling service, calling in London Gateway on the eastbound leg. The new service will start at the beginning of October and ... [+]

CSAV adds new UK-Gulf service

CSAV – which recently announced a merger with Hapag Lloyd – has expanded its service from North Europe to the East Coast of North America and Gulf of Mexico with a second weekly sling, which calls in Southampton. The port rotation is Antwerp - Bremerhaven - Southampton - Charleston - Port ... [+]

Hapag Lloyd and CSAV to merge

Hapag-Lloyd and CSAV confirmed their long anticipated merger on 16 April. Under the deal, which will make Hapag Lloyd the world's fourth-largest container line, the South American carrier initially becomes a 30% shareholder in the German company, increasing to 34% when a €370 million capital increase is concluded, of which ... [+]

Another service for London Gateway

CMA CGM, CSAV and MSC are to call at London Gateway as part of the revised North Europe to East Coast South America service. The route will be operated by eight 9,800teu ships and as well as London Gateway, also calls on the north Continent and then Itaguai, Santos, Paranagua, ... [+]

Hapag signs MoU with CSAV

German shipping line Hapag-Lloyd says its talks with Chilean-owned CSAV about combining their container liner shipping activities have reached the next phase. The companies have signed a non-binding memorandum of understanding. A binding contract could follow after due diligence takes place. Hapag Lloyd tried last year to sign a deal with ... [+]

Hapag Lloyd in CSAV talks

German container shipping line Hapag Lloyd says it has started talks with its Chilean counterpart, CSAV. The discussions concern a “possible business combination” or other form of association but no binding agreement has been signed yet. Hapag Lloyd had previously been in discussions with fellow German line Hamburg Sud, but without ... [+]

KC Shipping fights fires in Bolivia

If their house caught fire, there was nothing the 100,000 inhabitants of Riberalta in Bolivia could do about it because the town did not have a single fire engine. Now though, the river settlement is the proud possessor of a gleaming US machine – thanks to Glasgow-based forwarder, KC Group ... [+]

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