Displaying items by tag: Hapag Lloyd Acquire UASC

3rd December 2016

IMDO Review: Brexit Raises Foyle Dispute, Shiprepairs Boosts Retrofits & Hapag-Lloyd Acquire UASC

Stern view of giant containership Gustav Maeark

#IMDOreview: The Irish Maritime Development Office (IMDO) Weekly Market Review which is produced in-house returns this week with coverage of domestic and global shipping news.

Irish Maritime News: Brexit has revived a dormant territorial dispute between Britain and the Republic of Ireland over the ownership of Lough Foyle as also reported on Afloat.ie. Lough Foyle in Derry and Carlingford Lough, between Counties Louth and Down, are both matters of dispute between Dublin and London.

Ship repair market could see huge boost on retrofits: A series of new regulations, most notably the Ballast Water Management Convention, as well as the recent cap on the use of sulphur fuels, is bound to lead to increased retrofits; since shipowners will gradually look to keep their vessels compliant.

EU Commission approves container liner shipping merger: The European Commission has cleared under the EU Merger Regulation the proposed acquisition of United Arab Shipping Company (“UASC”) by Hapag-Lloyd of Germany, subject to conditions. Both companies operate in the container liner shipping sector.

For more stories of this edition which is available here in addition to Afloat's dedicated Ports & Shipping news coverage.

Published in Ports & Shipping

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Competitions

The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium.