Possible merger between Hapag-Lloyd and Hamburg Süd off the table for now

The shareholders of Hapag-Lloyd and Hamburg Süd have discontinued talks about a possible merger for now. Hamburg Süd does not wish to comment publicly on the points that were discussed. However, unlike the impression created in the media, it wishes to state that the owners of Hamburg Süd do favour a merger of the two entities, if certain conditions are met.

The Advisory Board and Executive Board of Hamburg Süd remain firmly of the view that the merger between Hapag-Lloyd and Hamburg Süd would be of enormous benefit for both companies, as well as for the City of Hamburg.

U.S. Presidential Permit for new Detroit-Windsor bridge granted

Lisa Raitt, Minister of Labour welcomed the signing of the Presidential Permit for the Detroit River International Crossing (DRIC) / New International Trade Crossing (NITC). The Permit, signed by President Barrack Obama, is a requirement for all U.S. border-crossing projects, and was the last step before acquisition of properties in the U.S. can take place, utilities relocated, land cleared and more detailed design work completed in preparation of the procurement process to select a successful private sector partner to design, finance, build, operate and maintain the new crossing. Commencement of construction is expected in 2015 or 2016. The total cost of the project has been estimated at $3.5 billion, and could be finished by 2020.

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Strong first quarter gains for Port Saint John

Compared to the first quarter of 2012, Port Saint John reported strong increases in tonnage in four areas during the quarter ended March 31, 2013: Potash shipments transported through the port, originated by PotashCorp, reached a record-breaking 277,249 tonnes, up 141 per cent. Shipments of forest products increased by 32 per cent, with woodpulp tonnage forming the largest percentage of this increase, rising from 13,136 tonnes to 22,517 tonnes, marking a 71-per-ent increase year-over-year. Container tonnage increased by 72 per cent, from 63,984 tonnes to 110,128 tonnes, while container TEUs increased by 52 per cent, from 10,978 TEUs to 16,645 TEUs.

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