Independent journal on economy and transport policy
04:49 GMT+1
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Hapag-Lloyd and CSAV are in negotiations for a fusion
The new society would have a fleet of the ability to about a million teu and would become the fourth world-wide carrier of the industry of the line transport
December 5, 2013
The negotiations for a fusion with the compatriot Hamburg Süd been shipwrecked ( on December 18, 2012 and 25 March 2013), today the shipowning company German Hapag-Lloyd has announced of having in course negotiates for a union of activity or other forms of association with the shipowning society Chilean Compañía American South de Vapores (CSAV), the whose greater shareholder is the Chilean group Quiñenco, holding ones of the Luksic family.
If the fusion had to go successfully, in all probability also through the acquisition by the CSAV of the participation of German group TUI in Hapag-Lloyd (that it is pairs to 22% of the capital), the new shipowning society would become the fourth company in the ranking of the main carriers of the field of line for hold ability, behind of Maersk Line, MSC and CMA CGM, graces to a fleet with a total cargo ability pairs to about a million teu. Currently, in fact, beyond 150 ships of Hapag-Lloyd they have an ability total pairs to about 730.000 container teu, while the fleet of beyond 50 portacontainer of the CSAV, that it has also some other ships of other type, can transport about 260.000 teu.
Hapag-Lloyd has specified that up to now the negotiations with CSAV have not produced an agreement of binding or not binding nature between the parts.
We remember last year that in the first nine months of the 2013 portacontenitori of the Hapag-Lloyd they have transported containerized volumes pairs to 4,1 million teu, with an increase of 3.6% on the same period, and that the company has closed the period January-september of 2013 with a net loss of -56,1 million euros ( on 12 November 2013). In the first nine months of this year the fleet of the CSAV has transported cargos in order almost 1,4 million teu (- 4.9%) and the company has archived item the period with a net loss of -107,2 million dollars (inforMARE on November 26, 2013).
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The negotiations for a fusion with the compatriot Hamburg Süd been shipwrecked 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
