EU approves Maersk’s Hamburg Sud buyout

EU approves Maersk’s Hamburg Sud buyout

Maersk Line won EU antitrust approval on Monday for its buy out of Hamburg Sud having committed to pull the German company out from five consortia on trade routes to address competition concerns.

Hamburg Sud will withdraw from the consortia on trade routes connecting northern Europe to central America, the west coast of South America and the Middle East.

The German company will also exit vessel sharing agreements connecting the Mediterranean to the west coast of South America and the east coast of South America.

“The commitments offered by Maersk Line and [Hamburg Sud] will maintain a healthy level of competition to the benefit of the very many EU companies that depend on these container shipping services,” European Competition Commissioner Margrethe Vestager said.

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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