ShippingWatch

Will Fredriksen be rid of Hapag-Lloyd?

For years, shipowner John Fredriksen has been “at war” with the top management and other shareholders of the German leisure travel company TUI, of which Fredriksen is a major shareholder. Presumably, TUI is the driving force behind the merger plans involving Hapag-Lloyd and Hamburg Süd.

2013 could be the year which sees the fusion of Germany’s two major container companies Hapag-Lloyd and Hamburg Süd, which by analyst firms such as SeaIntel and Alphaliner are said to gain significant opportunities, such as those awarded by a merger to create the world’s fourth largest container company. To shipowner John Fredriksen, seen by many as Norway’s most powerful businessman and the uncrowned king of the shipping industry, the merger could be the end of a long and often tense relationship to Hapag-Lloyd through his indirect ownership of the company as a major shareholder of the leisure travel company TUI AG.

German merger would create 4th largest container carrier in the world 

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