Reefer market as joker in container merger

The lucrative South American reefer market could be one reason behind the potential merger between Hapag-Lloyd and Chilean CSAV, says Lars Jensen, partner and CEO of SeaIntel.
Photo: Hapag-Lloyd
Photo: Hapag-Lloyd

In spite of achieveing extremely poor financial results in recent years, and being one of the Top 20 carriers to have performed worst during the crisis, Chilean CSAV has developed into a strong niche player in South America and in reefer transports on the north-south routes, says Lars Jensen, partner and CEO of analysts SeaIntel, in a comment on the current merger talks taking place between Hapag-Lloyd and CSAV, talks that were confirmed by both parties in separate statements published late Wednesday night.

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