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

MITSUI E&S Secures Order for 15 Rubber Tyred Gantry Cranes

MITSUI E&S Secures Order for 15 Rubber Tyred Gantry Cranes

Smart Port Challenge 2025 Attracts 288 Proposals, Winners Announced

Smart Port Challenge 2025 Attracts 288 Proposals, Winners Announced

Noatum Maritime, Bapco Upstream Sign Agreement for Marine Services at Bahrain LNG Terminal

Noatum Maritime, Bapco Upstream Sign Agreement for Marine Services at Bahrain LNG Terminal

Algoma Central Fleet Hits the 100-Vessel Mark, Records Strong Q3

Algoma Central Fleet Hits the 100-Vessel Mark, Records Strong Q3

Subscribe for Maritime Logistics Professional E‑News

The death toll from Typhoon Kalmaegi has reached 114 in the Philippines. As it moves to Vietnam, its strength is regaining.
CANADA-CRUDE-Discount on Western Canada Select widens
Lyft's revenue growth is slower than expected, which clouds the positive booking forecast