News / Hapag-Lloyd finally completes merger with UASC

© Jannis Werner

Hapag-Lloyd and UASC today pushed through further consolidation in the liner shipping industry as the pair finally completed their merger.

The UASC brand will be gone by the end of October when the integration will be complete. The merged entity will have a value of about $8bn, according to one market analyst.

A Hapag-Lloyd spokesperson told The Loadstar: “One of the biggest benefits will be cost savings: cost-cutting behaviour can be copied, but true synergies can only be achieved through M&A activity.

“By acquiring UASC ...