Thursday, April 3, 2014

Hapag-Lloyd and Hamburg Sud revisited

A year ago Hapag-Lloyd and Hamburg Sud broke off merger talks.   

Hapag-Lloyd went on to purchase CSAV.

Now, the chairman of Hamburg Sud is saying perhaps "a three way alliance" might be in
their future.

From Bloomberg News

A “three-way alliance may be on the agenda at some point” after Hapag-Lloyd’s planned takeover of the container-shipping operations of Valparaiso, Chile-based Cia. Sud Americana de Vapores SA, Chief Executive Officer Ottmar Gast said at the carrier’s annual media conference in Hamburg today.
“It would be good to offer a more global product portfolio, so we remain open and interested to manage at some point what we didn’t manage last year,” Gast said.
 click here for link to complete article

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