• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Market Reports

Maersk Line obtains final regulatory approval and closes the acquisition of Hamburg Süd

11th November 2017
in Market Reports, Shipping & Port
0
SHARES
36
VIEWS
Share on FacebookShare on Twitter

Maersk Line announced its intention to acquire Hamburg Süd. The acquisition triggered a regulatory approval process in 23 jurisdictions which was successfully concluded on Tuesday 28 November with the approval of the acquisition by the Korea Fair Trade Commission.

“With the final approval of the acquisition we have reached an important milestone in our strategy to become an integrated transport and logistics company delivering sustainable growth. These are truly exciting times and we are looking forward to taking the first steps forward as one company,” says Søren Skou, CEO of A.P. Moller – Maersk and continues:

“Hamburg Süd is an outstanding brand with high quality products. By combining our two businesses we will reinforce the global positions of both companies and enhance our service offers towards customers.”

The acquisition is in line with the Maersk Line’s growth strategy. It represents a unique opportunity to realise commercial opportunities as well as sizable operational synergies. Combined, the two companies will be able to realise operational synergies in the region of USD 350-400 million annually as from 2019.

About Maersk Line
Maersk Line is the world’s largest container shipping company, known for reliable, flexible and eco-efficient services.
Part of A.P. Moller – Maersk A/S, headquartered in Copenhagen, Denmark, Maersk Line operates 668 container vessels providing ocean transportation to all corners of the world.
Every day, 7,600 Maersk Line seafarers and 22,600 land-based employees at 306 offices in 114 countries share their expertise with customers around the world to optimise their supply chains, maximise their distribution networks and most of all realise their business potential.
Maersk Line is devoted to creating simple and reliable solutions for customers, continuously lifting industry standards and enabling global trade in the most sustainable manner possible.
For more information: www.maerskline.com

Upon transfer of ownership, Dr. Ottmar Gast will retire as Chairman of the Executive Board of Hamburg Süd to become new Chairman of the Supervisory Board of Hamburg Süd. Søren Toft, Chief Operating Officer, A.P. Moller – Maersk, will become Board Member of the Supervisory Board of Hamburg Süd. New CEO for Hamburg Süd will be Dr. Arnt Vespermann.

“Becoming part of the world’s number one shipping company will create a lot of opportunities. We will strengthen Hamburg Süd in the global playing field and grow our market share together. At the same time, Hamburg Süd will continue serving our customers as a separate brand,” says Arnt Vespermann.

In the future, Maersk Line and Hamburg Süd will offer customers better market coverage, attractive direct services and other benefits via a combined global network. The cost synergies will primarily be derived from integrating and optimising the networks as well as standardised procurement.

Together, Maersk Line and Hamburg Süd will have a total container capacity of 4.15 million TEU and a 19.3% global fleet capacity share (Alphaliner, 27 November 2017). 105 Hamburg Süd vessels will be integrated into the fleet of Maersk Line. The combined fleet will include a total of 772 vessels (owned and chartered).

Maersk Line will acquire Hamburg Süd for EUR 3.7 billion on a cash and debt-free basis. Maersk Line will finance the acquisition through a syndicated loan facility.

Press event tomorrow (1 December 2017) at 01.30 pm CET in Hamburg
COO A.P. Moller – Maersk, Søren Toft, and CEO of Hamburg Süd, Arnt Vespermann will host a press event tomorrow at 1.30 pm CET at the Hamburg Süd headquarters in Hamburg (Willy-Brandt-Str. 59), addressing this milestone in the history of the two companies and the opportunities it provides for Hamburg Süd. The event is for media representatives only, sign up for accreditation via Hamburg Süd or A.P. Moller – Maersk Communications departments (contact information below).

Contacts
A.P. Moller – Maersk, Transport & Logistics

Head of Media, Signe Brink Wagner
Mobile: +45 29 77 18 15
E-mail: signe.wagner@maersk.com

Hamburg Süd
Global Head of Corporate Communication, Eva Graumann
Mobile: +49 163 705 2627
E-mail: eva.graumann@hamburgsud.com

Previous Post

Delanchy transport group supplies les halles de lyon-paul bocuse using a zero-emission renault trucks

Next Post

Arriva delivers world’s first zero emission train for partially electrified tracks

Related Posts

Digitalization Autonomous Ships
News

FPS partners with Nike to launch hydrogen-powered container ship

31st May 2023
Keppel delivers ice-class LNG bunkering vessel to Shturman Koshelev
News

MSC Cruises completes first LNG bunkering operation in Marseille

31st May 2023
UAEs DP World, Canadas CDPQ acquire Fraser Surrey Docks
News

DP World celebrates successful solar energy trial at London Gateway port

31st May 2023
News

FourKites partners with Gravity to extend real-time visibility

31st May 2023
Georgia Ports Authority approves $205m for expansion of Savannah Port
News

Stonepeak and Spirit Super complete purchase of Australia’s Geelong Port

29th April 2023
ABB wins deal to supply electric solutions for two Knutsen tankers
News

ABB supplies complete electrical system for new Petrobras vessel

28th April 2023
Next Post

Arriva delivers world’s first zero emission train for partially electrified tracks

Latest Post

Airways

Middle Eastern Airlines Witness A Significant Drop In Demand

3rd June 2023
Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo
Airways

Canadian logistics technology company Machool fosters its presence by entering into partnerships with Spring GDS and Air Canada Cargo

2nd June 2023
WFS to boost logistics infrastructure at BLR as perishables trade grows
Airways

WFS to boost logistics infrastructure at BLR as perishables trade grows

2nd June 2023
Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle
Airways

Scan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle

25th May 2023
Airways

DHL Global Forwarding Opens $1.5m Pharmaceutical Facility

18th May 2023
Qatar Airways Cargo Transpacific Freighter Route
Airways

Qatar Airways Cargo relaunches Next Generation Pharma

29th April 2023
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.