Maersk Buying Hamburg Süd 

Danish shipping giant Maersk Line said that it will purchase Hamburg Süd of Germany's Oetker Group for EUR 3.7 billion (USD 4 billion). The deal has just been greenlit by the boards of both companies.

The US Department of Justice and the EU Commission approved the proposed deal.

Maersk expects to finalize the acquisition at the end of 2017. Until it does, the 2 companies will keep operating independently.

The deal should generate annual synergies of around USD 350-400 million from 2019. “The acquisition is cementing our position as the largest and leading carrier in container shipping, and it will provide great opportunities for the employees of both companies,” Søren Skou, the Maersk CEO, said.

The combined fleet of 743 container vessels will bring the total container capacity for Maersk Line and Hamburg Süd up to 3.9 million TEU and a global capacity share of 18.7%.

Maersk Line Joins Up With Microsoft​

​Last Wednesday shipping giant announced the start of cooperation with Microsoft Corp. for equipment digitalization and to support its carriers performance. Also, Microsoft Azure has been chosen as the digital platform for Maersk fuel innovations records, so the shipping line took the course to revolutionize supply-chain management. In addition, it  expect to save millions of USD annually due to innovations. 

​Moreover, Danish-based company expands its services through apps, such as ​a digital app for Customs House Brokerage. Eventually, all Maersk products and assets will be available for downloading as per line's Chief Digital Officer.

DP Word raising container cargo volumes

Terminal operator DP World Limited, based in Dubai​,​ operated over 16 million tons of container cargo in the first quarter of this year. The volumes raised by 5,7% comparing to 2016. 

As per DP Word,  the first quarter had a strong start and all 3 regions made a good increase, mainly the terminals in Europe and the Americas. UAE port handled 3,7 million tons growing container volumes by 1,8% comparing to the previous year. 

Considering consolidation service​,​ DP World terminals reached 19,9% growth handling 8.7 million tons. 

The company is planning to improve its operation portfolio developing terminals in Rotterdam (Netherlands), Nhava Sheva (India), London Gateway (United Kingdom) and Yarimca (Turkey).

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Yang Ming is connecting Southeast Asia and Australia

Yang Ming Marine Transport Corporation, the Taiwanese shipping company, is going to​ ​provide a new service​ ​between​ Southeast Asia and Australia. The Asia Australia Alliance service will start operat​ion this week in Thailand, Laem Chabang.

The new service will​ ​expand​ ​Yang Ming’s port coverage in Australia to Fremantle​ ​and its rotation​ ​will be the following​​: Laem Chabang–Singapore–Port Klang–Fremantle–Sydney–Melbourne–Adelaide–Fremantle–Singapore–Laem Chabang.

The round sailing will take 42 days, as per Yang Ming.