Hamburg Süd to take over container division of CCNI shipping company

Container lines of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) to be integrated into the network of Hamburg Süd shipping line in South America

Hamburg Süd will acquire the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, including the related general agency functions. The management board of the German shipping company has reached a relevant preliminary agreement with the owners of CCNI.

Following the due diligence process, execution of a sale & purchase agreement and approval by the competent authorities, this acquisition is scheduled to be executed by the latest on December 31, 2014. HSDG intends to strengthen its liner network to and from South America by integrating the CCNI liner services. This will provide improved transport logistic services to the customers of both companies.

Following the transaction CCNI will continue its non-liner shipping activities including the car carrier and ship-owning business.

Quelle: LogEastics
Portal: www.logistik-express.com

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