Skip to main content

NOL CEO hints at keeping Hapag-Lloyd brand

NOL and the German group – known as the Hamburg Solution – are the only two bidders left in the running to buy Hapag-Lloyd, operator of the world’s fifth largest container shipping fleet. Tui, the Hannover-based shipping and tourism group, is selling the line after coming under pressure from shareholders to separate the two arms of its business.

Hapag-Lloyd could fetch as much as $6bn and a merged company would operate the world’s third largest container fleet, after those of Denmark’s Maersk Line and Geneva-based Mediterranean Shipping Company.

A German backlash against losing control of Hapag-Lloyd could seriously hamper NOL’s plans.

Mr Widdows – who was partially gagged by a confidentiality agreement – pointed to NOL’s handling of the takeover of California-based APL in 1997 to show how a Hapag-Lloyd deal might be handled. NOL’s ships still trade under the APL brand name after NOL decided APL’s brand was stronger.



Source

P.S: I have worked for NOL/AEL back in 1996.
Labels:

Comments

Post a Comment

Popular posts from this blog

Security: VMware Workstation 6 vulnerability

vulnerable software: VMware Workstation 6.0 for Windows, possible some other VMware products as well type of vulnerability: DoS, potential privilege escalation I found a vulnerability in VMware Workstation 6.0 which allows an unprivileged user in the host OS to crash the system and potentially run arbitrary code with kernel privileges. The issue is in the vmstor-60 driver, which is supposed to mount VMware images within the host OS. When sending the IOCTL code FsSetVoleInformation with subcode FsSetFileInformation with a large buffer and underreporting its size to at max 1024 bytes, it will underrun and potentially execute arbitrary code. Security focus
Post a Comment
Read more

OS Virtualization comparison: Parallels' Virtuozzo vs the rest

Virtuozzo's main differentiators versus hypervisors center on overhead, virtualization flexibility, administration and cost. Virtuozzo requires significantly less overhead than hypervisor solutions, generally in the range of 1% to 5% compared with 7% to 25% for most hypervisors, leaving more of the system available to run user workloads. Customers can also virtualize a wider range of applications using Virtuozzo, including transactional databases, which often suffer from performance problems when used with hypervisors. On the administration side, customers need to manage, maintain and secure just a single OS instance, while the hypervisor model requires customers to manage many OS instances. Of course, the hypervisor vendors have worked hard to automate much of this process, but it still requires more effort to manage and maintain multiple operating systems than a single instance. Finally, OS virtualization with Virtuozzo has a lower list price than the leading hypervisor for comme...
Post a Comment
Read more