German Hapag-Lloyd looks set to receive a boost over time to the container carrier's credit rating once the merger with South American CSAV is fully implemented. In any case, rating bureau Moody's estimates in a new analysis of Hapag-Lloyd's credit rating, compared to French CMA CGM, that the current gap between the two companies will be reduced over the next two years.
Following the acquisition of CSAV's container fleet, Hapag-Lloyd will become the world's fourth largest container carrier with a combined capacity of around one million teu, while CMA CGM - the world's third largest container carrier - is still somewhat bigger, at 1.6 million teu.
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