Marine Link
Tuesday, September 27, 2016

Behrendt Appointed Chairman of CP Ships

November 9, 2005

In the context of the acquisition of the British-Canadian shipping line CP Ships by TUI AG (TUI1.DE), Michael Behrendt, chairman of the executive board of Hapag-Lloyd AG, was appointed chairman of the board of CP Ships on November 7th. At its meeting in Toronto, the board of directors also appointed Rainer Feuerhake, CFO of TUI, a member of the board following the resignations of Nigel Rich (chairman) and Viscount Weir. TUI, the parent company of Hapag-Lloyd, holds 89 percent of the shares in CP Ships and intends to take it over entirely by amalgamation of the shipping lines by the end of 2005. Hapag-Lloyd will then have a total of 136 ships with an overall capacity of more than 400,000 TEU, making it the world’s fifth largest container carrier.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News