Kuehne ups stake in Hapag-Lloyd

Kuehne ups stake in Hapag-Lloyd

Klaus-Michael Kuehne, the entrepreneur by logistics giant Kuehne + Nagel, has upped his stake in Hamburg containerline Hapag-Lloyd. Kuehne took advantage of tourism group TUI selling its last shares this week to raise his own holding in the carrier from 14.1% to 17.15%.

“The ongoing shipping industry consolidation offers Hapag-Lloyd new growth perspectives and strengthens its positions among the most important shipping companies across the world,” Kuehne Holding executive chairman Karl Gernandt said.

Kuehne started investing in Hapag-Lloyd nine years ago as Hamburg rallied to fend off a bid by Singapore’s Neptune Orient Lines.

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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