FRANKFURT (Reuters) - German container shipping line Hapag-Lloyd AG (HLAG.
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From here, they're transported on a major international shipping line.
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The country's largest shipping line, Hanjin, recently filed for bankruptcy.
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So in a way, PIL is a very prized shipping line.
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One, I think it's because we are a very prized shipping line.
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Those would include the largest ocean shipping line in the world, Maersk.
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SAN FRANCISCO (Reuters) - Bankrupt South Korean shipping line Hanjin Shipping Co Ltd 117930.
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Maersk, the world's largest shipping line, no longer takes orders for Iranian oil.
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That spurred the shipping line to file for court receivership on August 31.
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The family-owned, unlisted group is the world's fourth-largest container shipping line.
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The shipping line said it would finance the deal with a bridge loan.
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In May, French container shipping line CMA CGM posted its second straight quarterly profit.
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Rival German container shipping line Hapag-Lloyd reported higher first-quarter profits on Monday.
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SHANGHAI (Reuters) - Maersk, the world's largest container shipping line, has teamed up with Alibaba (BABA.
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This would make it the world's third largest container shipping line after Denmark's Maersk Line MAERSKb.
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In 2015 it unsentimentally sold control of Neptune Orient, a shipping line, to a French firm.
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Global trading houses that buy its product have curtailed activities, as has Maersk, a shipping line.
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South Korea's biggest ocean shipping line is seeking protection from its creditors in dozens of countries.
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They can tell a shipping line—or, soon, an airline—exactly where all its vessels are.
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The world's fourth-largest container shipping line made the forecast in a stock market statement on Thursday.
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So I think you can say this little red dot still needs a little red shipping line.
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The world's second-biggest container shipping line, Swiss-based MSC, has also faced challenges with its journeys.
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PIL, the Singapore-based shipping line that owns the Kota Nazar, said it does not discuss commercial operations.
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We also, in December, announced that we were going to acquire Hamburg Süd, the German container shipping line.
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Maersk, the largest shipping line in the world, was providing the ship and its crew free of charge.
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These days the most famous shipping line in the city is the Circle Line, which does sightseeing tours.
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They couldn't find a shipping line to carry their goods because many of them were barter trade project cargo.
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In late August, the shipping line was forced to file for court receivership after banks stopped providing financial support.
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A foreign representative of the shipping line has filed for so-called Chapter 15 bankruptcy with the Newark court.
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He brought bananas with him, starting up the new shipping line and even importing some of his own — Belindas.
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FRANKFURT (Reuters) - Logistics entrepreneur Klaus-Michael Kuehne has raised his shareholding in German container shipping line Hapag-Lloyd (HLAG.
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Shipping line CMA CGM and China State Shipbulding Corporation signed a 1.2 billion euro deal to build 10 container ships.
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Iran's semi-official ILNA news agency said on Wednesday the Adrian Darya 1 was currently leased to an Iranian shipping line.
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The spokesman said the company, which is the world's biggest container shipping line, was looking at other routes such as Oman.
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For a shipping line of our size, with a global network, it makes sense to have a combination of these solutions.
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In 19053, John Phipps, known as Jay, married Margarita Grace, whose family owned the shipping line that became the Grace Steamship Company.
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Yang Ming, the world's ninth largest container shipping line, is a comparatively small player in Iran, calling there just once a week.
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Sea freight has little to fear in the near term, says Soren Skou, chief executive of Maersk, the world's biggest container-shipping line.
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Because the shipping line was part of an alliance of shippers, it may have been carrying cargo that was sent on another carrier.
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The world's number one container shipping line Maersk acknowledged the cyber risk to its fleet and said it was working to mitigate it.
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To give some perspective on the scope of today's attack, AP Moller-Maersk runs the the largest container shipping line in the world.
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The shipping line said it had evacuated the crew from its container ship Yantian Express off Canada's east coast after a fire spread.
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Market consolidation, such as Moller-Maersk's announcement this week about buying the German shipping line Hamburg Süd, may not be enough to improve rates.
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The world's biggest container shipping line, Maersk, said it was closely following the situation, adding that piracy "was a challenge we have to address".
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The flow of goods from Asia to the United States was interrupted last month after Hanjin, the South Korean shipping line, filed for bankruptcy.
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Commercial shipping line APL had said it would make special efforts to expedite the process to get the carriers back to Singapore, he added.
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Few Hong Kong companies have as much to tell about the past as Orient Overseas Container Line (OOCL), the world's seventh-biggest container shipping line.
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A.P. Moller-Maersk has agreed to buy German rival container shipping line Hamburg Süd, sending shares in the Danish shipping company up nearly 5 percent.
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Banks stopped providing financial support to Hanjin, which had been bleeding red ink, in late August, prompting the shipping line to file for court receivership.
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FRANKFURT (Reuters) - German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov.
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About three-fifths of China's trucking capacity is working again, A.P. Moller-Maersk Group of Denmark, the world's largest shipping line, said in a statement Thursday.
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Should the deal go through, COSCO Shipping will become the world's third-largest container shipping line after Denmark's Maersk Line and Switzerland's Mediterranean Shipping Company (MSC).
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FRANKFURT, May 24 (Reuters) - German shipping line Hapag Lloyd and Arab sector peer UASC have completed a delayed merger which creates the world's fifth-biggest shipping company.
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Maersk, the world's biggest container-shipping line, found that a shipment of avocados from Mombasa to Rotterdam in 2014 entailed more than 200 communications involving 30 parties.
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In November last year MSCI added CJ E&M to its Korea index, as it bumped out Daewoo Shipbuilding and Hyundai Merchant Marine, a struggling shipping line.
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Bucking the trend, Hong Kong shares in COSCO Shipping Holdings, the world's fourth-largest container shipping line, surged to a 23-month high on robust profit forecast.
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The shipping line CTM Deher offers numerous daily crossings that take 15 minutes to the main island, Terre-de-Haut, from the ferry terminal at Trois-Rivières.
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The shipping line was no minor industry player; industry data provider Alphaliner placed Hanjin as the seventh-largest globally, with 98 ships and a 2.9 percent market share.
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That spurred the shipping line to file for court receivership this week, a process that'll mean the judicial system will decide whether Hanjin will remain a going concern.
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The shipping line was no minor industry player; industry data provider Alphaliner placed Hanjin at the seventh largest globally, with 98 ships and a 2.9 percent market share.
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German container shipping line Hapag-Lloyd told customers in a notice on Thursday that it was monitoring the situation closely and working with the port to minimize delays.
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By the end of the century, "Black Star" was not just the name of Garvey's shipping line but also one of the greatest hip-hop albums ever made.
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Profits have dropped by over 50% from their peak at Maersk, a Danish shipping line, Mitsui, a Japanese trading house, and Li & Fung, a supply-chain agent for retailers.
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Hamburg Süd, part of the Oetker Group, is the world's seventh largest container shipping line and operates 20163 container vessels primarily in trade between the northern and southern hemispheres.
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After more than half a century in the energy industry, A.P. Moller-Maersk, the world's biggest shipping line, is selling its oil holdings to Total of France for $7.5bn.
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In December, Maersk - the world's largest container shipping line and a unit of Denmark's A.P. Moller-Maersk - started offering online booking services to Chinese shippers on Alibaba's OneTouch website.
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"The fact that the SACC carries out such inspections does not mean that a company has engaged in anti-competitive behaviour," said Maersk, the world's No.1 shipping line.
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Hamburg Süd, part of the Oetker Group, is the world's seventh largest container shipping line and operates 130 container vessels primarily in trade between the northern and southern hemispheres.
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Sherwood said he would sign the interim order after a lawyer for Hanjin said its parent company would raise $100 million for the shipping line to meet its cargo commitments.
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Meanwhile Hanjin, a South Korean shipping line, was ordered by a bankruptcy court to return vessels it had chartered to their owners, indicating that the company might be wound down.
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German container shipping line Hapag-Lloyd said it was forced to reduce shipments in February through blank sailings, meaning that some vessels skipped ports or even entire routes were cancelled.
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Amazon would handle paperwork and select the shipping line that will transport the goods and make sure there are trucks on the other end to take shipments to its fulfillment facilities.
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As of last year, the two banks had combined exposure of 55 trillion won ($47 billion) in exposure to shipbuilders and shippers including Hanjin Shipping Co Ltd, Korea's largest shipping line.
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Maersk, the world's biggest container shipping line, said it was unable to transport goods in or out of Qatar because it could not take them through the UAE port of Jebel Ali.
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In September, A.P. Moller-Maersk, which runs the world's biggest container shipping line, said it was seeking alliances or a separate listing for its energy operations while bulking up its transport business.
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Qatar holds 14 percent and Saudi Arabia 10 percent of the merged company and both are represented on the supervisory board of what is now the world's fifth biggest container shipping line.
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MSC, the world's No. 2 container shipping line, said last month it would stop taking new bookings for Iran but would complete acceptable cargoes such as foodstuffs during the wind-down period.
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Cosco Shipping last year offered to buy Orient Overseas International Ltd (OOIL) in a $6.3 billion deal that will see the Chinese shipping giant become the world's third-largest container shipping line.
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FRANKFURT, June 29 (Reuters) - German container shipping line Hapag-Lloyd slashed its full-year profit forecast, saying that freight rates had recovered more slowly than expected while fuel and charter costs had ballooned.
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COPENHAGEN, Dec 1 (Reuters) - Denmark's Maersk Line is to acquire German rival container shipping line Hamburg Süd and expects to finalise the transaction by end 2017, parent A.P. Moller-Maersk said on Thursday.
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The family-owned group is the world's fourth-largest container shipping line and is also developing a presence in land logistics after becoming this year the largest shareholder in Swiss firm Ceva Logistics.
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Mr. Stamatis, as it turns out, worked for decades importing bananas for Bonita, an Ecuadorean producer, and came to Red Hook when Bonita fell on hard times and the shipping line shut down.
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The impact of the attack on the company has reverberated across the industry given its position as the world's biggest container shipping line and also operator of 76 ports via its APM Terminals division.
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Maersk, the world's biggest container shipping line, said on Tuesday it was unable to transport goods in or out of Qatar because it could not take them through the UAE port of Jebel Ali.
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Maersk's recent $4 billion acquisition of German container shipping line Hamburg Süd was a great example of restructuring efforts, Andersen said on the sidelines of the Singapore Summit, a conference of Asian business leaders.
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"A direct shipping line between Russian and Syrian ports is being established," Rogozin, in charge of the military industrial complex, told a meeting of a Russian-Syrian commission on trade cooperation, according to the agency.
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HAPAG-LLOYD No indication available United Arab Shipping Company (UASC), in merger talks with German container shipping line Hapag Lloyd, is holding an extraordinary general meeting on Wednesday to discuss a proposed business combination agreement.
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The state-owned company, the world's third largest container shipping line, said net profit attributable to shareholders slid 53.8 percent to 1.2 billion yuan ($178.83 million) last year from 2.7 billion yuan a year earlier.
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Container companies will square off with Hanjin Shipping Co on Thursday in court over its sale of a U.S. terminal operator, the latest fight between the bankrupt South Korean shipping line and it U.S. creditors.
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Hanjin, the first major shipping line to be dragged down by global industry overcapacity and low freight rates, put up manpower and logistics systems, five container ships and 10 overseas businesses, for sale last week.
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Hanjin Shipping, the first major shipping line to bear the brunt of a global overcapacity and low freight rates, has put up for sale its U.S. to Asia routes, including manpower systems and five container ships.
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The group, the world's fourth-largest container shipping line, said its operating margin was 4.0 percent in the third quarter, down from 10.4 percent a year earlier but up from 1.2 percent in the previous quarter.
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FRANKFURT, June 28 (Reuters) - German container shipping line Hapag Lloyd AG on Tuesday said it has reached an agreement on terms and conditions of a business combination agreement with Arab peer United Arab Shipping Company (UASC).
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In the interim, and along the lines of the economic self-reliance he preached, Garvey had, with four investors, incorporated the Black Star Line—the first and only all-black-owned shipping line of its time.
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FRANKFURT, Feb 18 (Reuters) - German container shipping line Hapag-Lloyd said on Tuesday its business in Asia was "overall stable," although the coronavirus outbreak had extended the traditionally slack period around China's Lunar New Year holiday.
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FRANKFURT, Jan 4 (Reuters) - German shipping line Hapag Lloyd said on Friday that it was trying to extinguish a fire on its Yantian Express container vessel off Canada's east coast but was being hampered by bad weather.
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DE) and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line and some banks seeking assurances that UASC's top shareholder Qatar remain committed to the deal for the long term, sources say.
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Denmark's Maersk, the world's biggest container shipping line, said on Tuesday it was unable to transport goods in or out of Qatar because it could not take them through the United Arab Emirates port of Jebel Ali.
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The report did not specify what a direct shipping line would entail, but any increase in agricultural and other supplies from Russia or help in reviving exports would be a boost for Syrian President Bashar al-Assad.
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IRISL, the national shipping line, has plans to ship to the Far East, Oman and eventually the Americas; it hopes to enlarge its 160-strong fleet by floating some of its stock by the end of this year.
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Liaoning Danxing described itself on its now-defunct website as a North Korean shipping agency that established the "first container shipping line" between the Dalian in China and the western North Korean port of Nampo, the panel said.
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The world's fourth-largest shipping line joins Taiwan's Evergreen and Hong Kong's OOCL in suspending services after Saudi Arabia, Egypt and other Arab nations cut ties with Qatar over its alleged support for terrorism, an accusation the country denies.
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The shipping industry was shaken in August by the bankruptcy of South Korea's biggest container shipping line, Hanjin Shipping, while other shipping companies in Asia, Europe and the Middle East have sought to protect themselves through mergers and acquisitions.
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Economic Trends The constant flow of goods from Asia to the United States was briefly interrupted last month after Hanjin, the South Korean shipping line, filed for bankruptcy, stranding several dozen of its cargo ships on the high seas.
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HAMBURG (Reuters) - Tougher rules on sulphur emissions from ships set by the International Maritime Organisation (IMO) from January burden the profit outlook for Germany's container shipping line Hapag-Lloyd this year after a good 2019, its chief executive said.
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Maersk, part of A.P. Moller-Maersk, announced the bid last December, part of a wave of mergers in an industry struggling with a glut of ships and slowing global trade which has forced at least one shipping line out of business.
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AMSTERDAM (Reuters) - Dutch authorities will hold Swiss shipping line MSC liable for the cost of cleaning up debris from more than 270 cargo containers that fell off one of its vessels and washed up on shore, officials said on Friday.
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PARIS (Reuters) - Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump.
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CMA CGM of France is acquiring Neptune Orient Lines of Singapore, the German shipping line Hapag-Lloyd AG agreed this year to merge with United Arab Shipping Company, and several mergers have taken place among state-owned shipping businesses in China.
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A.P. Moller-Maersk, Danish owner of the world's biggest container shipping line, operates 76 ports via its APM Terminal division and was one of the many firms hit by the ransomware virus along with Russia's Rosneft and advertising agency WPP.
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To better negotiate the Strait of Malacca, commercial ship captains sometimes dispatch two crew members to the bow with radios to tell bridge officers about hazards ahead, said Tim Huxley, the chairman of Mandarin Shipping, a Hong Kong shipping line.
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LONDON/TAIPEI (Reuters) - Taiwan's troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, according to a company source.
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Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries.
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Daily charter rates for tankers and bulk freighters have plummeted more than 000 percent since early January as China buys less oil, iron ore and coal, said Tim Huxley, the chief executive of Mandarin Shipping, a Hong Kong-based freighter shipping line.
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SAN FRANCISCO, Jan 18 (Reuters) - Bankrupt South Korean shipping line Hanjin Shipping Co Ltd won U.S. court approval at a hearing on Wednesday for the $78 million sale of its stake in U.S. terminal operator Total Terminals International LLC, overcoming objections of container companies.
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BRUSSELS, Nov 15 (Reuters) - EU antitrust regulators are set to clear German container shipping line Hapag-Lloyd's merger with United Arab Shipping Company (UASC) after the latter agreed to withdraw from some vessel sharing agreements, two people familiar with the matter said on Tuesday.
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LONDON, May 16 (Reuters) - The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal.
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Israeli shipping line Zim, which is 32 percent owned by Kenon Holdings, has begun allowing customers to book space through the platform on routes such as Shanghai to India and Pakistan, or from Xiamen to South America, according to advertisements posted on the OneTouch platform.
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The Hong Kong-based shipping line last year said it would sell the container terminal after it was taken over by China's COSCO Shipping Holdings Co. COSCO had agreed with the U.S. government to do so in order to gain clearance for the $6.3 billion deal.
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The container companies are creditors of Hanjin and were concerned whether the shipping line was getting top dollar for its 54 percent stake in Total Terminals, which operates container terminals at the ports of Seattle and Long Beach, California, and was rushing to close the transaction.
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MOSCOW, Oct 10 (Reuters) - Russia is setting up a direct shipping line to Syria and wants its companies to help build an economic recovery in the war-torn Middle Eastern country, the TASS news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Tuesday.
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SAN FRANCISCO (Reuters) - Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries.
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SAN FRANCISCO, Sept 6 (Reuters) - Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries.
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Named after legendary black nationalist and Pan-Africanist writer Marcus Garvey's historic shipping line, designed to enable the flow of both money and people back to and through Africa, Black Star Line Brewing is a craft brewery that's unmistakably political in an industry that's all too often not.
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From Paul Cuffee's attempts in 1811 to repatriate blacks to Sierra Leone and Marcus Garvey's back-to-Africa Black Star shipping line to the Afrocentric movements of the '60s and '70s, black people have populated the Africa of our imagination with our most yearning attempts at self-realization.
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"We expect that the rapid consolidation of the shipping line industry through carrier failures and M&As, the inability of most shipping lines to continue the current price war and the possible avoidance by exporters of financially vulnerable shipping lines will push shipping rates up even after the short-term market shock caused by Hanjin," he said.
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