When carriers merge, it gives them stronger and more dominant control over the overall ocean freight economy. Hapag-Lloyd AG and United Arab Shipping Company. UASC have agreed to merge, which will make the combined entity, operating under the Hapag-Lloyd banner, the world’s fifth largest ocean carrier.
When the two companies merge, they will have a total of 237 ships as well as a total transport capacity of around 1.6 million TEU and a yearly transport volume of 10 million TEU.
There will also be a wide variety of benefits resulting from these two companies merging, including having a global as well as diversified trade portfolio with top class product offerings in East-West and North-South trading posts. The new merged carrier will also commit to strengthening their operations by opening a fifth Hapag-Lloyd Regional Center in Dubai.
Upon completion of the merger, Hapag-Lloyd will continue to offer its well-known fast and reliable global services for containerized, hazardous, reefer, and out-of-gauge cargoes.
We have over 25 years of experience in securing ocean shipping contracts for our clients. At USSA, you can enjoy the benefit of an electronic contract management platform to view ocean freight rates online which shows detailed bottom line detail and bottom line freight spend.
If you wish to become a member of USSA, want to know more about ocean freight rates or have any questions about the services we have to offer, do not hesitate to contact us and one of our friendly consultants will be able to assist you in getting the best contract for your shipping needs.