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Hapag-Lloyd and UASC complete merger

Hapag-Lloyd and United Arab Shipping Company officially merged, in Hamburg, on May 24. Hapag-Lloyd will remain a publicly traded company registered in Germany with its headquarters in Hamburg. UASC’s 58 vessels will be integrated into the fleet of Hapag-Lloyd and the combined fleet will then include a total of 230 vessels.

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Hapag Lloyd, UASC finalize merger

Hapag-Lloyd and UASC signed a Business Combination Agreement to confirm their merger which was officially announced in early July. Combined company will rank among the world's five largest liner shipping companies and will operate one of the most modern fleets in the industry. Company will operate 237 vessels with total transport capacity of around 1,6 million TEU

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