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Montevideo, March 21st 2023 - 02:11 UTC

Tag: Hamburg Sud

  • Wednesday, December 20th 2017 - 10:22 UTC

    CMA-CGM take over Mercosul Line from Maersk Line

    CMA CGM and Maersk Line announced a binding agreement in June, subject to Brazilian regulatory approval and closing of Maersk's Hamburg Süd acquisition.

    The transfer of ownership of Mercosul Line from Maersk Line to CMA CGM. (Maritime Freighting Company-General Maritime Company), was completed on Friday. Mercosul is a leading player in Brazil's domestic container shipping market, with a fleet of four container vessels and around 290 people employed.

  • Thursday, May 4th 2017 - 13:01 UTC

    EU and US agree to Maersk Line acquiring Germany's Hamburg Sud, expert in South America

    Maersk estimates that combined the two companies will be able to realize annual operational savings of US$ 350/400 million during the first two years

    Container shipping company Maersk Line will pay EUR 3.7 billion for its acquisition of smaller German rival Hamburg Sud, including all subsidiaries and associated shipping companies. The boards of Maersk Line and the Oetker Group, owner of Hamburg Sud, approved the proposed deal, which has been given the green light by the European Commission and the US Department of Justice.