Marine Link
Friday, December 13, 2024

Hapag-Lloyd CEO Says IPO Not Top Priority Right Now

Maritime Activity Reports, Inc.

December 3, 2014

German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday.

"A stock market flotation is currently not top priority for us," Rolf Habben Jansen said, adding the company would first focus on integrating Vapores into its business.

In the longer run, Hapag-Lloyd still aims to launch an initial public offering, but the CEO said it was difficult to predict whether this would be possible at the end of 2015 already, as hoped, or not until early 2016.

Reporting by Jan Schwartz; Writing by Maria Sheahan

Subscribe for
Maritime Reporter E-News

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