Tuesday, October 7, 2008

Updated 10/10 - Will Hapag-Lloyd be sold anytime soon?

Updated Oct. 10

NOL (Neptune Orient Line)/APL announces they no longer want to buy Hapag-Lloyd


In my blog of Sept. 30, I stated that the owner of Hapag-Lloyd probably had wished they sold it last summer.

Appears John Fredricksen,a major shareholder of TUI (the parent company) had these exact thoughts.

He reportedly told Die Welt, a German publication, that he doubts a good price will be fetched for Hapag-Lloyd in the current economic environment.

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