Shipping and Maritime

Hapag-Lloyd Enters Post-Panamax Market

Hapag-Lloyd holds naming ceremony for first 10,500 TEU ship “Valparaíso Express”
Hapag-Lloyd Enters Post-Panamax Market

PRESS RELEASE

Hapag-Lloyd held a naming ceremony for the “Valparaíso Express”, the first of five new vessels in its new 10,500 TEU class, today. Mrs. Rozío Gonzaléz, the wife of Mr. Andrónico Luksic, Chairman of the Board of the Quiñenco Group, performed the ceremony at the Terminal Pacifico Sur (TPS) in the port of Valparaíso, where the new ship will call regularly in future.

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Maersk Line to acquire Hamburg Süd

Maersk Line to acquire Hamburg Süd

PRESS RELEASE

Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals.

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Maersk May Be Interested in Buying Hamburg Süd

Maersk May Be Interested in Buying Hamburg Süd

This story has been updated since its original posting date – read the update here.

Maersk Line may be looking to buy Hamburg Süd, the German-owned line focused on South American routes. It would be Maersk’s first acquisition of an entire shipping company in more than a decade. 

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E.U. Backs Hapag-Lloyd, UASC Merger

E.U. Backs Hapag-Lloyd, UASC Merger

The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line Hapag-Lloyd and the United Arab Shipping Company (UASC).

The merger would create a combined company worth about seven to eight billion euros ($7.5 to $8.6 billion). It would be the world’s fifth largest shipping firm, with access to the Asia-to-Europe trade route and trans-Atlantic and trans-Pacific routes.

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Hyundai’s Hanjin Bid Beaten

Hyundai's Hanjin Bid Beaten

South Korea’s Korea Line Corp was picked as the preferred bidder to buy troubled shipping company Hanjin Shipping Asia-U.S. operations, beating Hyundai Merchant Marine, a spokesman for a Seoul court overseeing Hanjin Shipping’s receivership said on Monday.

The spokesman said Korea Line offered higher prices than Hyundai Merchant Marine, but did not disclose the value of the potential deal.

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