News / Hapag-Lloyd and CSAV sailing towards becoming world's fourth largest box line

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The prospect of a merger took a step forward yesterday when Hapag-Lloyd and CSAV signed a Memorandum of Understanding (MoU) that could pave the way for the Chilean carrier to become the largest shareholder in its German counterpart.

Although Hapag-Lloyd executives have stressed the tentative nature of the talks, and the line yesterday reiterated the non-binding nature of the MoU, an in-depth announcement to the Santiago Stock Exchange from CSAV revealed that if agreement is reached it would have a 30% ...