Monday, December 24, 2012

[Marine] German operators in merger talks

German operators in merger talks

Germany's two leading containership operators are in merger talks to create the world’s fourth-largest container line.

Hapag-Lloyd and Hamburg Süd issued a brief statement Tuesday morning saying they were investigating whether, and under what conditions, a merger would be of interest.

Talks are thought to be at an early stage with due diligence just beginning.
Combined, they would have a fleet of around 1.3m teu, ranking the fourth place behind Maersk Line, Mediterranean Shipping Co and CMA CGM.



Published : December 20, 2012


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