Maersk Charters Last CSAV Boxships

According to an article published in Splash247, the last boxships with the prefix of CSAV, a Chilean liner brand, are set to be renamed by Maersk.

Maersk Charter

Four 8,600 teu ships – the CSAV TyndallCSAV ToconaoCSAV Traiguen and CSAV Trancura – controlled by Zodiac Maritime and Eastern Pacific have been sold and chartered on to Maersk for a period of in excess of 40 months. No details on the sale prices nor the charter rates have been revealed.

The first three ships have been sold to to JP...

https://mfame.guru/maersk-charters-last-csav-boxships/

Supply chain radar: Don’t moan about Hapag-Lloyd – blame absent BaFin

As you probably know, Premium hasn’t been forgiving as far as German regulator BaFin’s inaction is concerned (our previous coverage is here), particularly with regard to its, erm, “management” of rapid movements in the shares of Hapag-Lloyd.
Yet right ahead of Xmas the Financial Times did much better than us, duly reporting on BaFin’s multiple deficiencies elsewhere (the much-advertised Wirecard fraud) as the German carrier – gotta love the coincidence, narrative here – …

The post Supply chain...

https://theloadstar.com/supply-chain-radar-dont-moan-about-hapag-lloyd-blame-absent-bafin/

Seven ship sale and leaseback deal sees Hapag-Lloyd increase liquidity

Hapag-Lloyd has confirmed that it has sold seven 9,326TEU container ships to Bank of Communications Financial Leasing (Bocomm Leasing) for an undisclosed price.

Container News understands that the en bloc sale for the vessels, Cauquenes, Cautin, Cisnes, Cochrane, Coyhaique, Corcovado and Copiapo, was agreed early in May 2020 and July, the vessels were re-registered to special purpose vehicles owned by Bocomm Leasing. At the time of the sale, each vessel had a market valuation of around US$74...

https://container-news.com/seven-ship-sale-and-leaseback-deal-sees-hapag-lloyd-increase-liquidity/

Supply chain radar: Hapag-Lloyd only half way through its epic plunge?

Transparency, what a great thing that is.
Look at you, darling
First off, I deeply apologise if you are bored to death with the latest Hapag-Lloyd coverage – we have talked about the German carrier extensively (more here and here) already in the past couple of weeks.
Fair enough.
Yet, notably, the stock dropped below €70 on Tuesday, down almost 63% since peak on 15 May– we hadn’t been there since early April.
Down €20.65bn in …

The post Supply chain radar: Hapag-Lloyd only half way through its...

https://theloadstar.com/supply-chain-radar-hapag-lloyd-only-half-way-through-its-epic-plunge/

M&A radar: German regulator stirs as Hapag sheds €17bn in a fortnight

You probably remember the nice little chart below posted by Alphaliner last week, where the research house pointed out that Germany’s Hapag-Lloyd was worth as much as several of the world’s ocean container shipping companies combined.
Throw it away.
Oh dear
As I told somebody on the day that chart was published, Hapag had already lost about €6bn of value.
Believe it or not, its stock – at one point earlier this month trading …

The post M&A radar: German regulator stirs as Hapag sheds €17bn in a...

https://theloadstar.com/ma-radar-german-regulator-stirs-as-hapag-sheds-e17bn-in-a-fortnight/

CSAV now Hapag-Lloyd’s largest shareholder

Chilean shipping company CSAV has become the largest single shareholder in Germany’s Hapag-Lloyd, overtaking Klaus Michael Kuehne’s investment fund.
This month, the Chilean company, which became a large, but minority, shareholder in Hapag-Lloyd following the 2015 takeover of CSAV’s container shipping assets, boosted its stake from 27.8% to 30% after acquiring shares from Qatar Holdings, reducing its stake from 14.5% to 12.3%, according to Alphaliner.
CSAV general manager Oscar Hasbun described...

https://theloadstar.com/csav-now-hapag-lloyds-largest-shareholder/