Maersk Line's Acquisition of Hamburg Sud Finalized

One year after Maersk Line announced it had agreed to a deal to acquire Hamburg Sud, the acquisition of the German line has been completed.

Splash 24/7
MaerskLine 57ab433e50082

One year after Maersk Line announced it had agreed to a deal to acquire Hamburg Sud, the acquisition of the German line has been completed.

Maersk said in a news release that it has obtained the necessary regulatory approval in 23 jurisdictions, the final approval coming from the Korea Fair Trade Commision earlier this week.

The enlarged Maersk Line fleet now numbers 773 vessels, both owned and chartered, with the addition of Hamburg Sud’s 105 ships. Total container capacity has increased 4.15 million TEU.

To read the full original article, please click here.

Latest