Rumors intensify surrounding Hamburg Süd

Speculations about an upcoming sale of Hamburg Süd have intensified, and Maersk Line is but one potential buyer, albeit the most likely. The price may seem high but the biggest obstacle could be the internal power struggle in the Oetker family. ShippingWatch has delved into the story.

Photo: APM Terminals

The container industry's missing link – the sale of Hamburg Süd – will likely happen soon. The price could amount to about EUR 4 billion and the buyer will probably be major Danish competitor Maersk Line, which would take over the German container carrier from baking goods dynasty Oetker. The transaction will be finalized by the end of this year.

This is, at any rate, the rumor currently bouncing around the shipping market, and the rumor is only gaining strength as November trudges on. When asked directly by ShippingWatch, Hamburg Süd's executive management "declines to comment because of principle" and thus neither confirms nor denies the story.

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