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Hapag-Lloyd’s merger with UASC delayed by two months

Hapag-Lloyd’s merger with UASC delayed by two months

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Germany’s Hapag-Lloyd is pushing back completing its merger with fellow containerline United Arab Shipping Company (UASC) by two months, pending some banking issues related to the latter.

The deal is now set to complete on May 31, not March 31 with Hapag-Lloyd stressing that the delay will not impact the start of the new container grouping, THE Alliance, which debuts April 1. Hapag-Lloyd has formed THE Alliance with a number of Asian carriers.

Combined Hapag-Lloyd and UASC will have a fleet of around 1.5m teu placing it number five worldwide and as the dominant force within THE Alliance.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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