EC gives conditional approval to Hapag Lloyd/UASC merger

EC gives conditional approval to Hapag Lloyd/UASC merger

The European Commission yesterday gave its conditional approval to a merger between Hamburg boxline Hapag-Lloyd and the United Arab Shipping Company (UASC). The merger would propel the combined entity into fifth spot in the global liner rankings.

However, UASC will need to cut some of its routes to win full EC approval.

“Both companies operate in the container liner shipping sector,” the commission said. “The clearance is conditional on the withdrawal of UASC from a consortium on the trade routes between Northern Europe and North America, where the merged entity would have faced insufficient competitive constraint.”

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.

Related Posts