Hamburg Buy Out Chilean Shipper
German liner company Hamburg Sud said it expects to seal the acquisition of the container shipping operations of Chilean shipping group Compania Chilena de Navegacion Interoceanica [CCNI] by the end of March. Earlier, Hamburg Süd has confirmed the long-awaited signing of its purchase agreement for the container line business of CCNI. The takeover includes the general agency functions of Agunsa Agencias Universales on behalf of CCNI. Subject to approval by antitrust authorities, the transaction is scheduled to be closed at the end of March. Hamburg Süd initially planned to complete the takeover before the end of 2014 but it offered no explanation why the process had taken longer. Nor would it confirm the final takeover price that has been agreed.
Synapsis for German Containership Newbuildings
The German navigation system integrator Raytheon Anschütz was selected by the German-based shipowner NSC to supply the latest generation of the IMO-certified Synapsis Integrated Navigation System (INS) to a series of 9,000 TEU Containership newbuildings. The new containerships are built by Korea's Hanjin Heavy Industries and Construction’s Subic Shipyard in Subic Bay, Philippines and are scheduled for entering service in 2014. The vessels will operate under a long-term charter of Compania Chilena de Navegacion Interoceanica (CCNI).
