Rising costs push up breakeven bar for shipping lines as demand slumps
As mainhaul voyage results decline significantly and more ships are taken out of service due ...
Hapag-Lloyd and Spinelli Group have today “entered into an agreement to join forces”.
The German carrier will acquire a 49% in Italian logistics group Spinelli from existing shareholders, while the Spinelli family will continue to hold a 51% majority stake.
Financial details of the deal are undisclosed.
The completion of the deal is subject to the approval of antitrust authorities, which is expected within the next few months.
(The full release can be found here.)