Hapag-Lloyd's Chief Financial Officer Peter Ganz told the group's Supervisory Board today that he would be stepping down from his post and leaving the company effective April 1.

Hapag-Lloyd AG, Germany’s biggest container shipping line, will be an attractive investment once results improve and costs are reduced, Chief Executive Officer Rolf Habben Jansen said.

German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday.

The merged company will have around 200 vessels with a total capacity of approximately one million TEU, transporting some 7.5 million TEU every year.

Germany's Hapag-Lloyd said on Tuesday it had received the last outstanding regulatory approvals for its planned merger with Chilean shipper Compania SudAmericana de Vapores, clearing the way for the two companies to be formally combined.

Hapag-Lloyd and Compania SudAmericana de Vapores secured conditional European Union approval on Thursday for their tie-up to create the world's fourth-largest container shipping company.

Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, two people familiar with the matter said.

The scale of the challenge facing Hapag-Lloyd’s management team overseeing the integration of CSAV has been underlined by new research from Alphaliner which shows how the Chilean carrier was the least profitable shipping line in the first half of this year.

In preparation for its container business merging into a “new” Hapag-Lloyd this year, troubled Chilean carrier CSAV is restructuring its liner business, according to Alphaliner.

SANTIAGO, April 21 (Reuters) – A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm’s merger with Germany’s Hapag-Lloyd, allowing the agreed...

SANTIAGO/FRANKFURT, April 16 (Reuters) – Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with Germany’s Hapag-Lloyd to create the world’s fourth-largest container-shipping company....

Shareholders of Chilean shipper Compania SudAmericana de Vapores on Friday approved an agreement that combines its container-shipping operations with those of Germany's Hapag-Lloyd.

Chilean shipping firm Compania Sud Americana de Vapores said on Thursday it is planning two capital increases for a total of up to $600 million to get the funds necessary for a planned tie-up with Hapag-Lloyd.

Cia. Sud Americana de Vapores SA fell the most in more than two years after the Chilean shipping company reached an agreement to combine operations with Germany’s Hapag-Lloyd AG.

Cia. Sud Americana de Vapores SA, controlled by Chile’s billionaire Luksic family, signed an agreement with Germany’s Hapag-Lloyd AG to combine operations and form the world’s fourth largest container shipping company.

Hapag-Lloyd AG, Germany’s biggest container shipper, is negotiating an all-share transaction to acquire Chile’s Cia. Sud Americana de Vapores SA, according to three people with knowledge of the talks.

German container shipping company Hapag-Lloyd is nearing a deal to buy Chilean shipper Compania Sud Americana de Vapores (CSAV), a German newspaper reported.

The chief executive of TUI AG , a shareholder in German shipper Hapag-Lloyd , said he viewed as positive the talks between the shipper and Chilean rival Compania Sud Americana de Vapores , although TUI would not give up its right to float its remaining stake.

Talks are focused on whether “a possible business combination or any other form of association would be of mutual interest,” Hamburg-based Hapag-Lloyd said in a statement today.