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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