Deutsche Afrika-Linien

Hapag-Lloyd acquiring SAAM terminal operations in $1B deal

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

Hapag-Lloyd acquiring stake in Italian logistics company

German container shipping line Hapag-Lloyd announced Thursday it is acquiring a 49% stake in Italian logistics company Spinelli Group. 

The Spinelli family will retain a majority stake of 51%, according to Hapag-Lloyd. 

“The parties have agreed to not disclose any financial details of the deal,” the four-sentence announcement said. “The completion of the transaction is subject to the approval of the responsible antitrust authorities, which is expected within the next months.” 

The nearly...

https://www.freightwaves.com/news/hapag-lloyd-acquiring-stake-in-italian-logistics-company

Hapag-Lloyd acquires container liner business of Deutsche Afrika-Linien

Hapag-Lloyd has successfully closed the acquisition of the container liner business of German carrier Deutsche Afrika-Linien (DAL), after having signed the framework agre ..

The post Hapag-Lloyd acquires container liner business of Deutsche Afrika-Linien appeared first on Baird Maritime.

https://www.bairdmaritime.com/ship-world/boxship-world/hapag-lloyd-acquires-container-liner-business-of-deutsche-afrika-linien/

Hapag-Lloyd to acquire container liner business of Deutsche Afrika-Linien

Hapag-Lloyd and German carrier Deutsche Afrika-Linien (DAL) have entered into a framework agreement under which Hapag-Lloyd will acquire the container liner business of D ..

The post Hapag-Lloyd to acquire container liner business of Deutsche Afrika-Linien appeared first on Baird Maritime.

https://www.bairdmaritime.com/ship-world/boxship-world/hapag-lloyd-to-acquire-container-liner-business-of-deutsche-afrika-linien/

DAL acquisition part of Hapag-Lloyd’s strategic growth in Africa

Coming off an “exceptionally successful year,” Hapag-Lloyd announced Thursday that it was acquiring fellow German carrier Deutsche Afrika-Linien (DAL) and extending the contract of CEO Rolf Habben Jansen. 

Net profit in 2021 increased by a whopping $9.6 billion year-over-year to $10.75 billion, according to the audited full-year earnings Hapag-Lloyd reported Thursday. Earnings before interest, taxes, depreciation and amortization jumped from $3.02 billion in 2020 to $12.8 billion in 2021.

“We...

https://www.freightwaves.com/news/dal-acquisition-part-of-hapag-lloyds-strategic-growth-in-africa