Niledutch was Hapag-Lloyd's only possible acquisition target

Niledutch was likely the only opportunity available in the container market, says Hapag-Lloyd CEO Rolf Habben Jansen after acquiring the Dutch shipping company. "We have been very lucky," he says.

Photo: Hapag-Lloyd

With a new acquisition, Germany's Hapag-Lloyd builds a strong foundation for cashing in on the future growth market in Africa, says CEO Rolf Habben Jansen.

And Hapag-Lloyd has been very lucky in terms of finding and not least securing a deal with Rotterdam-based container line Niledutch, which operates ten routes to and from West Africa.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs