The Business Times
SUBSCRIBERS

Hapag-Lloyd, CSAV mull merger options

Global trade slump sparks move to court Chilean firm

Published Thu, Dec 5, 2013 · 10:00 PM
Share this article.

[HAMBURG] Hapag-Lloyd AG is discussing a possible merger with Cia Sud Americana de Vapores SA (CSAV), Latin America's biggest container shipping line, as the companies struggle to overcome a global trade slump that has left the industry in crisis.

The talks are focused on whether "a possible business combination or any other form of association would be of mutual interest", Hamburg-based Hapag-Lloyd said in a statement yesterday.

Hapag-Lloyd, the biggest German container line with a fleet of 152 vessels, is still reeling from the slump triggered by the 2008 collapse of Lehman Brothers Holdings, reporting a 6…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here