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German liners Hapag-Lloyd, Hamburg Süd discuss merger

Ocean

Tuesday, December 18, 2012

The leading German container shipping companies Hapag-Lloyd and Hamburg Süd said this morning that they are discussing a possible merger. If accomplished, the combined companies would be the fourth largest container shipping company in the world with more than 1 million TEUs in capacity. The only larger liner companies would be Maersk, Mediterranean Shipping Co., and CMA CGM. The two companies issued terse, identical press releases that read “The Exe...

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