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Hapag-Lloyd and Hamburg Süd negotiating merger

The two German container carriers, Hapag-Lloyd and Hamburg Süd, announced today, Tuesday, that they are looking into the possibilities of a merger.

The boards of the two container carriers Hapag-Lloyd and Hamburg Süd are currently negotiating a possible merger between the two shipping companies, and if so, the conditions under which this would happen.

The two shipping companies are among the biggest in the world. Hapag-Lloyd is number six, with a container market share of 3.8 percent, while Hamburg Süd is number 12, with market share of 2.5 percent, according to Alphaliner's review of the two shipping companies. In comparison, the three largest container carriers, Maersk Line, MSC, and CMA CGM have market shares of 15.4 percent, 13.3 percent, and 8.3 percent, respectively.

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