Hamburg Süd sells bulk shipping operations

The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.

Hamburg Süd sells bulk shipping operations

The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.

Hamburg Süd sells bulk shipping operations

The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.

 

   Maersk’s Hamburg Süd subsidiary said Monday that it had completed the sale of its dry bulk shipping company to China Navigation Company (CNCo), a subsidiary of the Swire Group.
    The sale includes Hamburg Süd subsidiaries Rudolf A. Oetker (RAO) and the bulk activities in Furness Withy (London and Melbourne) and Aliança Navegação e Logística to CNCo after receiving regulatory approval. Together they operate approximately 45 chartered ships.
    Hamburg Süd said it will focus on the container business, although it also said the RAO Tankers business unit is not included in the agreement and will remain part of the company.
    Hamburg Süd was acquired by A.P. Moller - Maersk in 2017.

We’ve been understanding during this negotiation process, but we cannot withstand another year in which our most important foreign market continues to slip away and soybean prices are 20 to 25%, or even more, below pre-tariff levels.

The U.S. exported 107,655 metric tons of beef in March, a 4 percent decline year-over-year, while U.S. pork exports during the month totaled 211,688 metric tons, down 7 percent, according to the U.S. Meat Export Federation.

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Hamburg Süd sells bulk shipping operations

The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.

Apr 02, 2019 on Dec 27, 2018AmericanShipper.com

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Hamburg Süd sells bulk shipping operations

The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.

Apr 02, 2019 on Dec 27, 2018AmericanShipper.com