ShippingWatch

Alphaliner: Hamburg Süd headed for Top 10

The acquisition of Chilean rival CCNI will represent Hamburg Süd's biggest acquisition to date. The carrier has performed 16 takeovers since 1985.

Photo: Hamburg Süd

Before the end of 2014 family-owned Hamburg Süd will, for the first time in the company's history, enter the global ranking of the world's Top 10 largest container carriers, says analysts Alphaliner following Hamburg Süd's bid to acquire Chilean CCNI's container activities for USD 160 million.

If the deal is finalized, as scheduled, in December this year following a satisfactory due diligence and the necessary regulatory approvals, the move would represent Hamburg Süd's biggest acquisition to date.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs