facebook_pixel
Ocean Carriers

Merger Talks Underway between Two Major Shipping Lines

Merger Talks Underway between Two Major Shipping Lines
Danny Gill

According to a recent Hapag-Lloyd press release, Hapag-Lloyd AG (HL) and United Arab Shipping Company SAG (UASC) are currently discussing forms of cooperation including a potential combination of their mutual container shipping operations.

In case of a business combination, the parties are basing their discussions on a relative valuation of the two businesses at 72% (HL) and 28% (UASC), subject to a mutually satisfactory completion of the negotiations and the mutual due diligence exercise. To date, the discussions conducted between the two carriers have not resulted in any binding agreement and no assurance can be given that these discussions will lead to a definitive agreement. If the deal does go through, the two companies could form the world’s fourth-largest container shipping company.

Ocean Carriers
Danny Gill

Danny is currently a Contributing Writer for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

More in Ocean Carriers

WWL's Single Vessel Delivers Railcar to Four Destinations

WWL’s Single Vessel Delivers Railcars to Four Destinations

Danny GillNovember 17, 2017
CMA CGM to Power Future 22,000 TEU Vessels with LNG

CMA CGM to Power Future 22,000 TEU Vessels with LNG

Danny GillNovember 8, 2017
WWL Adds Amsterdam and Livorno to Asia-Europe Route

WWL Adds Amsterdam and Livorno to Asia-Europe Route

Danny GillNovember 4, 2017
APL Strengthens Intra-Asia Footprint with New Korea China Straits Service

APL Strengthens Intra-Asia Footprint with New Korea China Straits Service

Danny GillOctober 30, 2017

MOL Holds Tabletop Drill Focused on Car Carrier Safety

Danny GillOctober 24, 2017

APL Celebrates 100 Years of Shipping in the Philippines

Logistics ManagerOctober 12, 2017
OCEAN ALLIANCE announces Day One Network

CMA CGM Acquires SOFRANA Unilines

Danny GillOctober 10, 2017

MCC Welcomes Remote Container Management

Danny GillOctober 2, 2017
Representatives from CMA CGM, Hudong-Zhonghua Shipbuilding (Group), Shanghai Waigaoqiao Shipbuilding and CSTC signing contracts.

CMA CGM Chooses Chinese Shipyard CSSC to Build Nine 22,000 TEU Vessels

Logistics ManagerSeptember 28, 2017