REUTERS/Morris Mac Matzen/File Photo
German liner operator Hapag-Lloyd has announced the closing of its acquistion of the container liner business of German carrier Deutsche Afrika-Linien (DAL), further expanding its presence in Africa.
The framework agreement for the aquisition was announced in March and the deal has been approved by all relevant antitrust authorities. Full integration is expected to be completed by the fourth quarter of 2022.
The aquistion will further support Hapag-Lloyd’s strategy to grow in the South African market.
Headquartered in Hamburg, DAL operates four liner services between Europe, South Africa and the Indian Ocean. The company owns one 6,589 TEU container ship and operates a container fleet of around 17,800 owned and leased containers, which will be taken over as part of the acquisition.
In 2021, Hapag-Lloyd acquired Africa-specialised carrier NileDutch, significantly strengthening its presence and service offering to and from West Africa. It also opened several new offices in Africa in 2021 and 2020.
“We are very pleased with the closing of the transaction and looking forward to welcoming the DAL colleagues,” says Rolf Habben Jansen, CEO of Hapag-Lloyd. “With their broad experience and market knowledge, they will significantly support us to further grow in Africa, which remains an important strategic market for us. We will now fully integrate the DAL’s container liner activities into our business.” Particularly for the service offering from and to South Africa, DAL is a valuable addition, allowing Hapag-Lloyd to offer their customers a better network and additional port coverage in this region.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,808 members that receive our newsletter.
Have a news tip? Let us know.
The United States Department of the Treasury has announced new sanctions targeting four entities and three vessels involved in Iran’s petroleum and petrochemical trade, part of ongoing efforts to curtail...
In a significant development for European energy markets, Russian energy giant Gazprom has completed its first liquefied natural gas (LNG) delivery to Italy from its Baltic Sea-based LNG Portovaya facility....
Israel launched strikes against ports and energy infrastructure in Houthi-held parts of Yemen on Thursday and threatened more attacks against the Iran-aligned militant group, which has launched hundreds of missiles at Israel over the past year.
Maritime and offshore news trusted by our 109,808 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
