Deals
Hamburg Sued Open to ‘Three-Way Alliance’’ With Hapag-Lloyd/CSAV
This article is for subscribers only.
Hamburg Sued Group, Germany’s second biggest container shipping line, may revive merger plans with Hapag-Lloyd AG after a failed attempt to combine operations with its local peer last year.
A “three-way alliance may be on the agenda at some point” after Hapag-Lloyd’s planned takeover of the container-shipping operations of Valparaiso, Chile-based Cia. Sud Americana de Vapores SA, Chief Executive Officer Ottmar Gast said at the carrier’s annual media conference in Hamburg today.