At May 2017,Herb Roth (HLCU) completed the Arabia ship (UASC) acquisition program, in accordance with the agreement, the two largest shareholder UASC Qatar Investment Authority (QIA) and the Saudi public investment fund (PIF), the HLCU board of directors were holding 14.4% and 10.1%
In April 28th, the group will board and Maersk Autodesk officially approved the acquisition of the Hamburg on Maersk shipping sale agreement. According to the agreement, Maersk shipping will buy Hamburg, South America, and Maersk shipping at 3 billion 700 million euros, which will be acquired in cash. The related funds will be acquired through syndicated loan.
In July 9th, China COSCO Shipping Group Limited announced that its COSCO Cmi Holdings Ltd would offer an offer to all shareholders of Orient Overseas, with a total value of 42 billion 870 million yuan.The Wall Street Journal said that after the completion of the transaction, COSCO Shipping Group will become the third largest shipping company after Denmark, Maersk and Swiss mediterranean shipping. In the Container liner Company, COSCO Shipping cargo fleet will exceed the size of CMA CGM, at the same time in the ocean in the league right proportion, is likely to be a subtle change.
The top ten liner companies have changed from 4 alliances at the beginning of this year into a combination of 3 global alliances. In addition to the 2M alliance, two new alliances, marine alliances and "alliances" have been formed.
These three alliances include the world's ten largest container shipping companies in the world and the 14th largest container shipping company K-Line to control global container transport capacity of 77%, the remaining 23% of the world container shipping company market share. The three alliances also control 92% of the East and West trade.
The marine alliance will be the leader in the East and West routes, controlling the 34% share of the global shipping market, followed by the 2M alliance, accounting for 33%, and the "The" alliance, 26%.
The "extortion virus" affects shipping
Internet virus attacks shipping industry is a black swan event in shipping industry, though it has little impact in general, it has caused some troubles to shipping related enterprises, and has become a new concern.
In June 27, 2017, the Internet virus named Petya, which is similar to the ransoming virus "want to cry (WannaCry)", is attacking the world. A.P. Muller Maersk has been affected by many offices and some business units in the world. The customer can not use the online booking tools, internal system downtime.