Maersk Line will divest itself of Mercosul Line, its Brazilian subsidiary, to appease the Brazilian competition authority CADE as it pushes through with the acquisition of Hamburg Sud, a liner which also has a strong presence in Latin America’s largest country.
Mercosul was founded in 1996, and taken over by Maersk a decade later. Its four ships – each of 2,5000 teu capacity – are used on the Brazilian cabotage trades. They are deployed on two loops.
Separately, Maersk officials have revealed they anticipate to hear today whether the European Commission has approved the Hamburg Sud takeover. The EC had demanded that Hamburg Sud pull out of certain routes, something Maersk has agreed to.