The ink was hardly dry on Hapag-Lloyd’s merger deal with Chilean carrier CSAV when departing chief executive Michael Behrendt raised the prospect of acquiring an Asian container line.
06 Jun 2014
Despite recent improvements, global container lines’ schedule reliability and on-time container delivery have been worse every month so far this year versus last year.
29 May 2014
In announcing sharply lower losses for the first three months of the year, CSAV said it expects to close on a merger agreement with Hapag-Lloyd in the fourth quarter.
13 May 2014
Hapag-Lloyd today pinned its financial future to the expansion of the G6 Alliance into the key east-west liner trades and its takeover of Chile’s CSAV, as its first-quarter loss widened and revenue declined.
22 Apr 2014
The planned merger of Germany’s Hapag-Lloyd and Compañia Sud Americana de Vapores (CSAV) moved closer after shareholders controlling just 2.7 percent of the Chilean company’s stock voted against the deal that will create the world’s fourth-largest ocean container carrier.
16 Apr 2014
Hapag-Lloyd and CSAV signed a binding contract to complete a merger to create the world’s fourth-largest container line.
08 Apr 2014
The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
07 Apr 2014
Hapag-Lloyd was first carrier to announce the westbound May rate increases even as April 1 GRIs struggle to lift a market weighed down by overcapacity and weak demand.
21 Mar 2014
Shareholders of Chilean ocean carrier CSAV today overwhelmingly voted in favor of a planned merger with Germany’s Hapag-Lloyd that would create the world’s fourth-largest container shipping line.
21 Mar 2014
Ocean container lines and the shipowners that lease ships to them are suspending new ship orders for fuel-efficient mega-
20 Mar 2014
Shareholders of Chilean ocean carrier CSAV are expected to approve tomorrow a possible merger with Hapag-Lloyd that would create the world’s fourth largest container shipping line.
06 Mar 2014
Chilean carrier CSAV will pay a $625,000 civil penalty to resolve U.S. government allegations it violated the Shipping Act in connection with a scheme to fix prices for shipments of roll-on, roll-off shipments such as cars and trucks.