News / Hapag-Lloyd and CSAV reveal they are talking 'merger or more co-operation'

© Khunaspix Dreamstime.

Container shipping lines Hapag-Lloyd and CSAV have announced they have been holding discussions on the possibility of merger or some other form of co-operation.

A short statement released this morning said: “Hapag-Lloyd and CSAV are currently maintaining discussions if a possible business combination or any other form of association would be of mutual interest.

“To date, these discussions have not resulted in any binding or non-binding agreement between the parties.”

According to The Loadstar’s sources, the talks are in the “very, very early ...