Hapag-Lloyd – Hamburg Süd Merger Put on Ice

March 26, 2013

The shareholders of Hapag-Lloyd and Hamburg Süd have jointly concluded to discontinue talks temporarily.

Hamburg Süd say they do not wish to comment publicly on the subject matter of the points under discussion. It does, however, expressly point out that the owners of Hamburg Süd – unlike the impression conveyed in various press articles – positively favour a flotation of the merged new company if certain conditions are met.

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

Logistics News

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

Subscribe for Maritime Logistics Professional E‑News

Boeing resumes China delivery with 787-9 aircraft to Juneyao Airlines. Yicai reports
Seat 11A is the safest seat on an airplane. Experts say no.
Air India crash death toll reaches 270 as families await bodies