International Freight News Incorporating

Qatar takes control of UASC

UASC vessel

Gas-rich state becomes majority shareholder in the fast-expanding shipping line

Hamburg Süd’s CCNI deal valued at $160m

CCNI board approve the deal based on the current state of box shipping industry

Reduced capacity leads to record box performance at Hanjin

Container division’s operating profit improves in the second quarter, but shipping line remains loss-making overall

Savannah achieves record-breaking 3 million teu

Box volumes climb 6.3% at leading east coast US gateway

Hellmann UK appoints new head of air freight

Move comes as the business reports strong first-quarter performance