Hamburger Abendblatt also reported Hapag-Lloyd is open to a merger or partnership with rival ocean carriers following a review of its operations by Roland Berger, a consultant.
The most likely partners are France's CMA CGM or APL, a unit of Singapore's Neptune Orient Line, it said citing sources in Hapag-Lloyd.
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The City of Hamburg is voting today regarding a cash infusion to Hapag-Lloyd. The problem is, it is contingent on the other shareholders also putting in a substantial amount of cash.
They have been reluctant to do so.
I suspect they won't get the cash.
Guess we should know by the end of the day.