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Monday, July 23, 2018

Hapag-Lloyd CEO: No Big Shipping Mergers at Moment

Maritime Activity Reports, Inc.

July 10, 2018

Rolf Habben Jansen (Photo: Hapag-Lloyd)

Rolf Habben Jansen (Photo: Hapag-Lloyd)

The chief executive of German container shipping liner Hapag-Lloyd said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM.

"We do not see major takeovers in the industry," Rolf Habben Jansen said in a statement issued on the day of the firm's annual general meeting in Hamburg.

"If at all, there are smaller tie-ups by niche players in the short term," he said.


(Reporting by Vera Eckert Editing by Arno Schuetze)

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