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Hapag-Lloyd and UASC shift Long-Stop Date under Business Combination Agreement

Hapag-Lloyd and UASC have mutually agreed to shift the Long-Stop Date under the Business Combination Agreement (BCA) until May 31, 2017 and have amended the BCA accordingly. The merger companies had originally envisaged to close the transaction by March 31, 2017 but now expect closing to take place in the weeks thereafter. All merger clearances and authority approvals as well as all necessary banking approvals from Hapag-Lloyd AG’s side and ... [+]

Hapag-Lloyd, UASC announce merger

Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G. (UASC) signed a Business Combination Agreement (BCA) to merge both companies on July 18, subject to the necessary regulatory and contractual approvals. Following the integration, the new Hapag-Lloyd will rank among the five largest container shipping lines in the world, with 237 ... [+]

UASC Expands CargoSphere Cloud Rate Distribution with Dachser

UASC has quickly implemented its second CargoSphere Rate-Mesh connection with Dachser Logistics. CargoSphere's collaborative rate technology enables UASC to electronically distribute confidential rates in real-time, directly into Dachser's rate database, so rates are ready to use immediately following their release by UASC.  Initially, Dachser is receiving Asia-Europe freight rates and ... [+]

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