Ocean Carriers

Hapag-Lloyd Completes Integration with UASC

Hapag-Lloyd Completes Integration with UASC
Danny Gill

Hapag-Lloyd has announced they have successfully completed the integration of UASC into their Group. At a gathering of the shipping company’s global management in Hamburg, Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said: “Thanks to the very good cooperation of our teams we have managed to successfully implement this integration in just six months. In the process, our extensive experience from earlier mergers – such as with CP Ships in 2005 and with CSAV in 2014 – helped us a lot.”

Hapag-Lloyd merged with the United Arab Shipping Company on May 24, 2017. Within the subsequent six months, the operating businesses, the IT systems, the different fleets, and the corresponding departments and country organizations were brought together. With more than 12,000 employees in five sales regions and 126 countries, as well as a fleet of 215 modern container ships, Hapag-Lloyd is now the fifth-largest liner shipping company in the world, and now offers 125 liner services in a global network to its customers.

Beginning in 2019, Hapag-Lloyd expects annual synergies of USD 435 million as a result of the merger with UASC. “Already in 2018, we will benefit from the merger of the two shipping companies due to significant cost reductions,” Mr. Habben Jansen said.

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

APL to Acquire Sister Company CNC to Bolster Intra-Asia Services

APL to Acquire Sister Company CNC to Bolster Intra-Asia Services

Logistics ManagerDecember 13, 2018
CMA CGM Awarded Most Accomplished Asia Pacific Ship Owner

CMA CGM Awarded Most Accomplished Asia Pacific Ship Owner

Logistics ManagerNovember 29, 2018

CEVA Logistics and CMA CGM Develop Strategic Partnership to Accelerate Growth

Logistics ManagerNovember 29, 2018
Kuehne + Nagel Upgrade Sea Explorer for All Container Shipping Liner Services

Kuehne + Nagel Upgrade Sea Explorer for All Container Shipping Liner Services

Logistics ManagerNovember 19, 2018

Top Ocean Carriers Join to Launch New Global Digitization Association

Danny GillNovember 15, 2018
MAERSK Launch Instant Booking Confirmation

MAERSK Launch Instant Booking Confirmation

Logistics ManagerNovember 2, 2018
CMA CGM Acquires Containerships

CMA CGM Acquires Containerships

Logistics ManagerNovember 2, 2018
ONE Continuity Calls at the Port of Hamburg

‘ONE Continuity’ Calls Port of Hamburg

Logistics ManagerOctober 31, 2018
Jolt Energy Storage Technologies win Wallenius Wilhelmsen Orcelle Award

Jolt Energy Storage Technologies Win Wallenius Wilhelmsen Orcelle Award

Logistics ManagerOctober 22, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version