Hapag-Lloyd CEO Says IPO Not Top Priority Right Now

December 3, 2014

German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday.

"A stock market flotation is currently not top priority for us," Rolf Habben Jansen said, adding the company would first focus on integrating Vapores into its business.

In the longer run, Hapag-Lloyd still aims to launch an initial public offering, but the CEO said it was difficult to predict whether this would be possible at the end of 2015 already, as hoped, or not until early 2016.

Reporting by Jan Schwartz; Writing by Maria Sheahan

Logistics News

Singapore Launches OCEANS-X to Advance Maritime Digital Connectivity

Singapore Launches OCEANS-X to Advance Maritime Digital Connectivity

USACE Releases Final FY2026 Great Lakes Maintenance Program

USACE Releases Final FY2026 Great Lakes Maintenance Program

Argentina Trucker Protest Delays at Least 10 Ships at Port Waiting to Load Grain

Argentina Trucker Protest Delays at Least 10 Ships at Port Waiting to Load Grain

DSV Delivers Petrochemical Columns to ORLEN

DSV Delivers Petrochemical Columns to ORLEN

Subscribe for Maritime Logistics Professional E‑News

Transportation chief Duffy believes that saving Spirit Airlines could be a case of putting 'good money into bad'.
Investors assess the prospects for US-Iran Peace Talks and lower oil prices
EU finds Chinese bidder for Lisbon subway line benefitted from unfair subsidies