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11 July 2020 The on-line newspaper devoted to the world of transports 07:41 GMT+2



May 24, 2017

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Original news
Completed
Completed
the fusion between Hapag-Lloyd and United Arab Shipping Company

Within the third trimester will be capacity to term integration of the services. New regional center for the
Middle East
Hapag-Lloyd and United Arab Shipping Company (UASC) have announced that today the completion of the plan of fusion of the two companies agreed to half last year(the 18 has happenedof July 2016), initiative - they have emphasized - that strengthens the position of the Hapag-Lloyd, in which is met entire the UASC, which fifth world-wide carrier of the field of the line transport and which leader of market in various routes of traffic. The Hapag-Lloyd now has a fleet of 230 portacontainer of medium the age 7,2-year-old for a cargo ability total pairs to approximately 1,6 million teu.

"Now - it has evidenced the managing director of the company of German navigation, Rolf Habben Jansen - not only we have a very important market position in Latin America and the Atlantic, but also in the Middle East where we will become one of the main ones carrier. Now - it has added - our priority is an integration of UASC and fast Hapag-Lloyd and without difficulties".

the two parts have announced that in next the eight weeks it will take to the way the process of integration of the 118 services of line of the Hapag-Lloyd with the 45 services of the UASC, procedure that will be capacity to term within the end of the third trimester of this year once that the dependent of the UASC will be formed to the use of the systems used from the German company. Once completed the process is previewed that Hapag-Lloyd will manage a volume of annual transport that is estimated in beyond 10 million teu.

the integration procedure will include the institution of a new regional center for the Middle East that will join current to the four alleviates regional for the America North, the Latin America, Asia and Europe.

PSA Genova Pra'



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