The cost of the takeover was revealed for the first time.
Hamburg Süd Group is a global shipping and logistics company based in Germany. Formed in 1871, Hamburg Süd is the world’s eighth-largest container shipping line and is one of the leading carriers in the north-south trades.
10 Apr 2017
The acquisition, said to be worth around $4 billion, will cement Maersk’s position as the world’s largest container line.
07 Apr 2017
Whoever wins the bidding would gain access to a Brazilian flag, which would allow them to operate along the Brazilian and Mercosur coastline.
22 Mar 2017
The decision on the deal, said to be worth around $4 billion, was due on March 27.
15 Mar 2017
The European Union’s competition authority is due to decide by March 27 whether to clear the acquisition.
13 Feb 2017
Maersk Line and MSC have expanded their Asia-North Europe and trans-Pacific services to accommodate the volumes from a slot deal signed with HMM and Hamburg Süd.
06 Feb 2017
The deal takes effect April 1 along with the reordering of global shipping alliances.
07 Dec 2016
Maersk Line’s acquisition of Hamburg Sud will likely force it to sell its Brazilian flag operation Mercosul Line, which could open the door to CMA CGM or Mediterranean Shipping Co. to enter the closed Brazilian coastal shipping market.
01 Dec 2016
Maersk Line ended weeks of speculation with an announcement that it had reached an agreement to buy Hamburg Süd.
30 Nov 2016
A sale of Hambürg Sud would end a year of intense consolidation in the liner shipping industry, with Maersk Line and now CMA CGM reportedly interested in buying the German carrier.
28 Nov 2016
A sale of the German liner by the Oetker conglomerate would accelerate the consolidation that has significantly reshaped the financially troubled industry this year.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
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