CMA CGM offers €5B for Bolloré Logistics

Despite continuing ‘unprecedented’ events, a veteran industry analyst says the container shipping industry has returned to its normal state.

Haifa-based Zim Integrated Shipping Services has signed a long-term (12-year) charter agreement with New York listed Seaspan Corporation for 10 x 15,000 TEU neo-panamax class containerships.

The Singaporean carrier has avoided liquidation with a new debt restructuring plan.

OOCL has ordered five 23,000 TEU vessels at a cost of US$778M.

First-half financial results posted by many liner shipping companies make for grim reading, with profit warnings and downgrades for the remainder
of the year announced by several of them.

DP World is spending close to US$765M to buy Europe’s biggest common-user feeder operator, Unifeeder. Subject to regulatory approval, the deal is due to be completed during Q4 2018. The seller is Nordic Capital Fund, which has owned the shipping line since 2013.