Saturday, January 19, 2013

Hapag-Lloyd And Hamburg Süd Started Merging Negotiations

Currently,  Hapag-Lloyd has a fleet of about 150 container ships, for a total capacity of 675 thousand teu, while Hamburg Süd’s fleet consists in over 100 container ships with the total capacity of more than 400 thousand teu. With the merging, the fleet would become of about 250 ships, for a total capacity of more than a million teu, making the new company the fourth most important shipping Company offering line services, a rank that currently sees Maersk Line in first place, considering its fleet that has a capacity of over 2.5 millions of teu, followed by the Mediterranean Shipping Company (MSC) with 2.2 millions of teu, by CMA CGM with 1.4 millions of teu, by Evergreen Line and COSCON (both with a capacity of over 700 thousand teu), and, in sixth place, Hapag-Lloyd. Hapag-Lloyd is owned for 77.6% by the Albert Ballin consortium, whose members are the administration of the city of Hamburg, Kühne Maritime, Signal Iduna, HSH Nordbank, M.M. Warburg Bank and HanseMerkur, while the remaining 22.04% is owned by the German Group TUI which, however, showed its intention to sell its quota. Hamburg Süd is part of the German group Oetker, property of the Oetker family, that counts 26.000 employers and operates mainly in the food sector, in the bank sector and in the shipping one through Hamburd Süd, the Company that deals with the line services of the group, the Rudolf A. Oetsker (RAO) which operates tramp services (with over 50 ships), and the Brazilian branch Aliança Navegação e Logìstica. Source: Informare and Shipping News Clippings

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