Hapag-Lloyd and UASC complete merger

Hapag-Lloyd and UASC complete merger

Hapag-Lloyd and United Arab Shipping Company have completed their merger.

The new Hapag-Lloyd, one of the top five global carriers, will take a while to operate as a single entity.

“For the immediate future, the two companies will continue to operate independently as we work to integrate our internal systems and processes as quickly as possible,” Hapag-Lloyd said in a statement.

The first UASC services will be transferred to Hapag-Lloyd from mid-July with the rest following soon after.

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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