Merger between Hapag-Lloyd and UASC is final

After a long period of negotiations, Hapag-Lloyd and United Arab Shipping Company (UASC) have now agreed to combine their businesses. The merger thus creates the world's fifth-largest container carrier.

Photo: PR-foto/Hapag-Lloyd

The merger between Hapag-Lloyd and United Arab Shipping Company (UASC) is now final.

After a long period of negotiations, the two companies have agreed to combine their businesses in a deal, giving rise to the fifth-largest container carrier in the world, as Hapag-Lloyd writes in a statement Monday.

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