UASC, Hapag-Lloyd Merger: No Layoffs?
the optimal size ship for each of the trades where the combined company will operate, he added. For example, cost savings will come from negotiating better procurement terms. UASC and Hapag-Lloyd are merging by the end of this year to become the world’s fifth-largest container carrier as a wave of consolidation in the container shipping industry accelerates. Container shippers are merging as they grapple with low freight rates, anaemic trade volumes, and vessel overcapacity, which have dented their earnings. "The outlook for 2016 is for UASC to continue
CMA CGM Recruits Digital Expert Krishnamurthy
The CMA CGM Group has hired Rajesh Krishnamurthy as group senior vice president IT & transformation, as the French container carrier seeks to further accelerate its digital push. Digitalization is considered an integral piece of CMA CGM’s growth plan, having been labeled a key strategic priority by CEO Rodolphe Saadé. “To accelerate this transformation, CMA CGM is recruiting the best specialists in the field and that is why CMA CGM is recruiting Rajesh Krishnamurthy to drive this strategy,” CMA CGM said. Krishnamurthy, who joins CMA CGM on