Independent journal on economy and transport policy
11:41 GMT+1
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the EU commission has authorized the fusion between Hapag-Lloyd and UASC
the Middle Eastern company of navigation will have to stop the connections between the Europe North and the America North
November 23, 2016
The EU commission has authorized one of the most important recent projects than fusion in the field of the containerized marine transport that previews the acquisition of the United Arab Shipping Company (UASC) by the Hapag-Lloyd ( on 18 July 2016). The green light of Brussels is subordinated to the cessation by the UASC of the connections between the Europe North and the America North, route on which the Middle Eastern company offers the service of line NEU1 that touches the ports of Antwerp, Rotterdam, Bremerhaven, the Havre, Southampton, New York, Norfolk, Charleston and Savannah.
Emphasizing that the European companies entrust to the marine transport of line of the container for their shipments ocean-going liners, Margrethe Vestager, European commissioner to the competition, it has emphasized that "it is a lot important that the markets remain opened. The engagements offered from Hapag-Lloyd - it has specified - assure that the acquisition will not relatively involve increases of price to the routes between the Europe North and the America North".
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