You are here

Hapag-Lloyd, CSAV tie-up wins EU's conditional approval

Merger will create 4th-largest container shipping firm
Monday, September 15, 2014 - 06:00

[BRUSSELS] Hapag-Lloyd and Compania Sud Americana de Vapores (CSAV) secured conditional European Union (EU) approval on Thursday for their tie-up to create the world's fourth-largest container shipping company.The merger is important for the shipping industry which hopes more deals could help it