Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Hapag-Lloyd CEO says sees no big shipping mergers at moment

Published 10/07/2018, 12:38
Updated 10/07/2018, 12:40
© Reuters. FILE PHOTO: Port worker moves a Hapag-Lloyd container at the Port of Bilbao on the second day of a three-day strike by Spanish port workers, in Santurtzi
HLAG
-

FRANKFURT (Reuters) - The chief executive of German container shipping liner Hapag Lloyd (DE:HLAG) said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM [CMACG.UL].

"We do not see major takeovers in the industry," Rolf Habben Jansen said in a statement issued on the day of the firm's annual general meeting in Hamburg.

© Reuters. FILE PHOTO: Port worker moves a Hapag-Lloyd container at the Port of Bilbao on the second day of a three-day strike by Spanish port workers, in Santurtzi

"If at all, there are smaller tie-ups by niche players in the short term," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.