Hapag-Lloyd merger creates 4th largest line

Hapag-Lloyd merger creates 4th largest line

German container shipper Hapag-Lloyd and its Chilean peer Compania Sud Americana de Vapores have signed a binding merger agreement that will create the world's fourth-largest container-shipping company in terms of capacity. Hamburg-based Hapag-Lloyd said CSAV would control 34 percent of the merged entity after two capital increases totalling US$1.02 billion, reported Dow Jones Newswires. The two companies will have a combined annual revenue of $12.46 million and a transport capacity of one million, 20-foot containers aboard 200 ships. Hapag-Lloyd is scheduled to be listed later this year on the Frankfurt Stock Exchange. Big mergers are rare in the container-shipping industry, which moves 95 percent... Read more > >
Overcapacity in North Europe Weighs on Rotterdam Traffic

Overcapacity in North Europe Weighs on Rotterdam Traffic

Container traffic in Rotterdam inched up just 0.3 percent in the first quarter, as Europe’s biggest container hub confronted continuing overcapacity in the Le Havre-to-Hamburg port range and changes in the container shipping sector. The Dutch port handled 2.905 million TEUs in the first three months of the year, up from 2.898 million TEUs in the same period in 2013. The increase in containers was shared between the long-haul trades with Asia and North America and short-sea routes to and from the Baltic and the U.K. Total throughput declined 0.2 percent year-over-year to 108.9 million metric tons, against 109.1 million metric tons... Read more > >
Customs Law Draft

Customs Law Draft

Title: Law No. /2013/QH10 Summary: Customs Law Draft Document type: Law Issuing date: 16/04/2013 Effective date: 16/04/2013

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Circular No. 41/2012/TT-BCT of December 21, 2012, providing the export of minerals

Circular No. 41/2012/TT-BCT of December 21, 2012, providing the export of minerals

Title: Circular No. 41/2012/TT-BCT Summary: Circular No. 41/2012/TT-BCT of December 21, 2012, providing the export of minerals Document type: Circular Category: Export and Import Policy Publisher: Ministry of Industry and Trade Signer: Deputy Minister Le Duong Quang Issuing date: 21/12/2012 Effective date: 04/02/2013  

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Circular no. 20/2012/TT-BTC dated Feb.15th.2012

Circular no. 20/2012/TT-BTC dated Feb.15th.2012

Title: 20/2012/TT-BTC Summary: Circular no. 20/2012/TT-BTC dated Feb.15th.2012 on issuing Vietnam's special preferential import tariff for implementation of the Asian-Japan comprehensive economic partnership agreement in the 2012-2015 period. Document type: Circular Category: Tax issue Publisher: Ministry of Finance Signer: Truong Chi Trung Issuing date: 15/02/2012 Effective date: 01/04/2012  

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