date:May 27, 2017
Hapag-Lloyd and the United Arab Shipping Company (UASC) completed their merger process on May 24 in Hamburg. The combined fleet of this merger amounts to 230 vessels with a capacity of approximately 1.6 million TEU, which allows Hapag-Lloyd to strengthen its position as the fifth largest shipping company in the world while continuing to be a publicly traded company based in Hamburg, Germany.
Hapag-Lloyd's CEO, Rolf Habben Jansen, said: This is an important strategic milestone and a big step for