zim-integrated-shipping-services
Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services for about US$4.2 billion in cash, a merger that would create the world’s fifth-largest container shipping company and could reshape competition and freight pricing across major trade lanes.
Under the deal announced Feb. 16, Hapag-Lloyd will pay US$35 per ZIM share, a 58 percent premium to the company’s previous closing price, according to company statements. The combined carrier would operate more than ...
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ZIM Integrated Shipping Services has upsized four vessels utilized in its weekly container service operated through the 2M Alliance calling JAXPORT, replacing the smaller ships with two larger 11,700-TEU and two larger 11,923-TEU vessels.The four newly-built ships are the largest ships ever to be included in a regular port rotation ...
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