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Merger puts Hapag-Lloyd on top

Hapag-LloydThe German shipping giant is all set to become world’s fourth largest container shipping company when it absorbs the Chilean company Compañía Sud Americana de Vapores (CSAV) – the largest in Latin America. Pending approvals, the merger is almost a reality and the merged giant will be worth 200 vessels providing an annual transport volume of 7.5 million TEU with a combined turnover of approximately EUR 9 billion.

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