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NEW SHIPPING ALLIANCE ??? : Hapag-Lloyd chairman says Hamburg-Sud should join merger talks














By: Reuters 




| Dec 27 2013 at 02:58 PM |



 Channel(s): Liner Shipping











The chairman of Hapag-Lloyd said rival Hamburg-Sud should join merger talks between Hapag-Lloyd and Chile’s Vapores.







“The three of us together would be stronger,”
Hamburger Abendblatt quoted Juergen Weber as saying in an excerpt from an article to be published.






Hapag-Lloyd, the world’s No.5 container shipping company by capacity, earlier this month said it was in talks to merge with smaller Chilean shipper Compania Sud Americana de Vapores, adding that no agreement had yet been reached.






Shipping groups have been struggling through the worst slump on record, with the weak global economy, oversupply of vessels and low freight rates highlighting the benefits of consolidation in the sector.






Hapag-Lloyd, burdened by 2.35 billion euros ($3.2 billion) of net debt and a nine-month net loss of 56 million euros, already held talks with Hamburg-Sued last year, but the parties were unable to agree terms.





The deal would have created the world’s No. 4 player behind Maersk Line, part of Danish conglomerate A.P. Moller-Maersk , Switzerland’s Mediterranean Shipping Company and France’s CMA CGM.







Weber told Hamburger Abendblatt that he hoped Hapag-Lloyd’s talks with Vapores would be a “warning and motivation” for Hamburg Sud’s owner, the Oetker family, to rekindle talks.





He also said the owners of Hapag-Lloyd still aimed to float shares in the German shipping company in an initial public offering, though that was “hardly possible” before the end of 2014, among other because a new chief executive is due to take the helm next year.





Officials for Hamburg-Sud were not immediately available for comment.







The city of Hamburg holds 36.9 percent of Hapag-Lloyd, while Klaus Michael Kuehne, who also controls Swiss logistics group Kuehne & Nagel, owns 28.2 percent. German travel group TUI AG owns a 22 percent stake.



 (Reuters)











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In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST






Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.



However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.




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The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




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