MV CCNI Punta Arenas. Photo courtesy CCNI
German container shipper Hamburg Süd announced today it has reached an agreement with Compañía Chilena de Navegación Interoceánica S.A. (CCNI) to acquire their container shipping business. The deal is valued at a total consideration of USD $160 million.
CCNI currently operates 5,500 TEU containerships on a weekly service to Chinese ports as well as 1,700 – 3,500 TEU vessels covering the west coast of North and South America. Additionally, CCNI operates thirty-three vessels of between 6,500 – 8,500 nominal TEUs capacity, which connects with South
Korean ports (Busan), China (Shanghai, Ningbo, Yantian and Shekou), Hong Kong, Singapore, Brazil (Rio de Janeiro, Santos, Río Grande and Itajaí), Uruguay (Montevideo) and Argentina (Buenos Aires).
This acquisition is scheduled to be executed by the latest on December 31, 2014.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,747 members that receive our newsletter.
Have a news tip? Let us know.
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
In a bold move amidst Russia’s intensified rocket attacks on civilian ships and Ukrainian ports, Maersk has launched a new weekly container service into Ukraine, signaling resilience in the country’s...
By Robert Tuttle (Bloomberg) A tanker of Canadian crude was shipped from Vancouver to Alaska for the first time in at least 10 years as the recently expanded Trans Mountain pipeline...
Maritime and offshore news trusted by our 108,747 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
