Hapag-Lloyd announced Tuesday it is making its first investment in the Americas through the $1 billion acquisition of the SM SAAM S.A. marine terminal and logistics businesses.
The German ocean container shipping company is acquiring all of SAAM’s shares in 10 terminals as well as bonded warehouses and integrated logistics operations for importers and exporters. The Chile-based company will retain its tugboat and airport logistics businesses.
SAAM operates eight terminals as the majority or...
https://www.freightwaves.com/news/hapag-lloyd-acquiring-saam-terminal-operations-in-1b-deal