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.
Michael Behrendt, chairman of the executive board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Hapag-Lloyd headquarters in Hamburg after the signing.
16 Apr 2014
Hapag-Lloyd and CSAV signed a binding contract to complete a merger to create the world’s fourth-largest container line.
Container ship in Hamburg, Germany.
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.
Headquarters of Hapag-Lloyd and CSAV.
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.
28 Feb 2014
CSAV has agreed to plead guilty and pay a criminal fine of $8.9 million for its involvement in a conspiracy to fix prices, allocate customers and rig bids of international shipping services...
19 Feb 2014
A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.
14 Feb 2014
Chilean carrier CSAV said it plans to add up to $600 million in capital to complete the financing of ships under construction and to help finance a proposed merger with German shipping line Hapag-Lloyd.
MSC Mediterranean container ship
06 Feb 2014
Shippers should expect declining container ship reliability over the near term.

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