News
Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Sud, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals.
Hamburg Sud is the world’s seventh largest container shipping line and operates 130 container vessels with a container capacity of 625,000 TEUs. It has 5,960 employees in more than 250 offices across the world and market its services through the Hamburg Sud, CCNI (based in Chile) and Alianca (based in Brazil) brands. In 2015, Hamburg Sud had a turnover of US$6,726 million of which US$6,261 million stems from its container line activities.
Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Sud, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals.
Hamburg Sud and Alianca will continue as separate brands and continue to serve customers through their local offices.
With the acquisition, Maersk Line will have container capacity of around 3.8 million TEU (3.1 million TEU) and an 18.6% (15.7%) global capacity share. The combined fleet will consist of 741 container vessels with an average age of 8.7 years (9.2 years).
