News / Hapag-CSAV should now look to partner with APL to compete with the 'big three'

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A major shareholder of Hapag-Lloyd says that, following its merger with CSAV, the Germany-based carrier should partner with yet another to improve competitiveness.

On Kuehne+Nagel chairman Klaus-Michael Kuehne’s radar is NOL and its container shipping arm, APL.

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Billionaire Mr Kuehne, who through the Kuehne Maritime vehicle will own a 19.7% stake in the merged Hapag-Lloyd-CSAV business – down from 28.2% previously – argues that the new entity needs to close the gap on the big three of Maersk Line, MSC and CMA ...