{"id":194,"date":"2017-02-08T19:59:16","date_gmt":"2017-02-08T19:59:16","guid":{"rendered":"http:\/\/www.bocintl.com\/en\/?p=194"},"modified":"2021-12-31T17:23:04","modified_gmt":"2021-12-31T17:23:04","slug":"boc-blast-176-maersk-line-snaps-up-hamburg-sud","status":"publish","type":"post","link":"https:\/\/www.bocintl.com\/web\/boc-blast-176-maersk-line-snaps-up-hamburg-sud\/","title":{"rendered":"The BOC Blast 176 – Maersk Line snaps up Hamburg Sud"},"content":{"rendered":"

\"\"<\/a>
\nMaersk Line snaps up Hamburg Sud<\/b>
\nMaersk Line said Thursday it will buy German operator Hamburg S\u00fcd from the Oetker Group and plans to close the deal by the end of 2017.<\/p>\n

Maersk Line and the <\/b>Oetker<\/b> Group have reached an agreement for Maersk Line to acquire Hamburg S\u00fcd, the German container shipping line.<\/b>
\nCopenhagen, 1 December 2016
\nMaersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg S\u00fcd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals.
\nHamburg S\u00fcd is the world\u2019s seventh largest container shipping line and a leader in the North \u2013 South trades. The company operates 130 container vessels with a container capacity of 625,000 TEU (twenty-foot equivalent). It has 5,960 employees in more than 250 offices across the world and market its services through the Hamburg S\u00fcd, CCNI (based in Chile) and Alian\u00e7a (based in Brazil) brands. In 2015, Hamburg S\u00fcd had a turnover of USD 6,726 million of which USD 6,261 million stems from its container line activities.
\n\u201cToday is a new milestone in Maersk Line\u2019s history. I am very pleased that we have reached an agreement with the Oetker Group to acquire Hamburg S\u00fcd. Hamburg S\u00fcd is a very well-run and highly respected company with strong brands, dedicated employees and loyal customers. Hamburg S\u00fcd complements Maersk Line and together we can offer our customers the best of two worlds, first of all in the North – South trades,\u201d says S\u00f8ren Skou, CEO of Maersk Line and the Maersk Group.
\n\u201cWe are proud to join the global market leader Maersk Line. While gaining access to a superior network and systems we will continue the Hamburg S\u00fcd brand and business model offering personalized solutions to our shippers and consignees. By joining forces both Maersk and Hamburg S\u00fcd will strengthen their product portfolio and cost position to the benefit of their customers,\u201d says Dr. Ottmar Gast, Chairman of the Executive Board of the Hamburg S\u00fcd Group.
\n\u201cGiving up our engagement in shipping after an 80 year-long ownership in Hamburg S\u00fcd was not an easy decision for my family. We are very confident, though, to have chosen the best of all possible partners. Maersk will preserve and grow Hamburg S\u00fcd and what the brand and the whole organization and a highly dedicated workforce stand for: reliable and high quality logistical services to our customers,\u201d says Dr. August Oetker, Chairman of the Advisory Board of Dr. August Oetker KG, the management holding company of the Oetker Group.
\nOn 22 September 2016, Maersk Line announced that it would grow market share organically and through acquisitions.
\n\u201cThe acquisition of Hamburg S\u00fcd is in line with our growth strategy and will increase the volumes of both Maersk Line and APM Terminals,\u201d says S\u00f8ren Skou.
\nHamburg S\u00fcd and Alian\u00e7a will continue as separate brands and continue to serve customers through their local offices.
\n\u201cHamburg S\u00fcd and Alian\u00e7a have competitive and attractive customer value propositions, which we want to preserve and protect. We wish to maintain the personal touch and engagement they offer their customers. In ,\u201d says S\u00f8ren Skou.
\nIn the combined network, Hamburg S\u00fcd and Maersk Line\u2019s customers will have access to the dedicated end-to-end services provided by Hamburg S\u00fcd in the North \u2013 South trades as well as the flexibility and reach provided in Maersk Line\u2019s global network. Furthermore, the combined network will enable Maersk Line to develop new products with more direct port calls and shorter transit times.
\n\u201cOur combined network will provide exciting opportunities to develop new products and exploit operational synergies. Hamburg S\u00fcd and Maersk Line customers will benefit from more choice and better products,\u201d concludes S\u00f8ren Skou.]\nThe acquisition is subject to a satisfactory due diligence, final agreement and subject to regulatory approval in amongst others China, Korea, Australia, Brazil, the United States and the EU. Maersk Line will work closely with the authorities. Maersk Line expects the regulatory process to last until the end of 2017. Until then, Hamburg S\u00fcd and Maersk Line will continue business as usual.<\/p>\n

With the acquisition, Maersk Line will have container capacity of around 3.8 million TEU (3.1 million TEU) and an 18.6% (15.7%) global capacity share. The combined fleet will consist of 741 container vessels with an average age of 8.7 years (9.2 years).
\nThe agreement with Hamburg S\u00fcd has no financial impact in 2016.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Maersk Line snaps up Hamburg Sud Maersk Line said Thursday it will buy German operator Hamburg S\u00fcd from the Oetker Group and plans to close the deal by the end of 2017. Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg S\u00fcd, the German container shipping line. Copenhagen,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[507],"tags":[],"class_list":["post-194","post","type-post","status-publish","format-standard","hentry","category-the-boc-blast"],"_links":{"self":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/comments?post=194"}],"version-history":[{"count":1,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/194\/revisions"}],"predecessor-version":[{"id":2065,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/194\/revisions\/2065"}],"wp:attachment":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/media?parent=194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/categories?post=194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/tags?post=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}