Hapag-Lloyd to Merge with United Arab Shipping Company

Posted on 07/19/2016

Hapag-Lloyd AG and United Arab Shipping Company S.A.G. have signed a deal to merge amid increased volatility in the shipping industry. Hapag-Lloyd’s controlling shareholders are CSAV Germany Container Holding GmbH, HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH and Kühne Maritime GmbH. Kühne Maritime GmbH, which owns around 20% of Hapag-Lloyd, is owned by billionaire […]

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