Hapag-Lloyd major shareholder reignites NOL speculation

Hamburg: Such is the perceived need for rapid fleet build up and consolidation in container shipping that the lead shareholder of Hapag-Lloyd, fresh from merging with Chile’s CSAV, is already talking up the idea of joining forces with another line, with Singapore’s NOL mentioned.

Hapag-Lloyd’s merger with CSAV makes it the fourth largest containerline in the world, but still some distance behind the top three. Lead Hapag-Lloyd shareholder Klaus-Michael Kuehne told German media that he wanted to add another partner to the merged entity. He mentioned NOL, saying its Singapore location tied with Hapag’s Hamburg base with give it very strong bases in Asia and Europe.

NOL has been linked with Hapag-Lloyd repeatedly since 2008.

Attention is now turning to Hamburg’s other containerline, Hamburg Sud, with speculation that it might be courted to join forces with Hapag-Lloyd and CSAV.  [23/04/14]