Freight News, Sea

Hapag signs MoU with CSAV

[ January 24, 2014   //   ]

German shipping line Hapag-Lloyd says its talks with Chilean-owned CSAV about combining their container liner shipping activities have reached the next phase. The companies have signed a non-binding memorandum of understanding. A binding contract could follow after due diligence takes place.

Hapag Lloyd tried last year to sign a deal with fellow German line Hamburg Sud but failed to reach agreement.

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