Smyrlis, Lou
September 2005
Canadian Transportation & Logistics;Sep2005, Vol. 108 Issue 9, p6
Trade Publication
Reports on the acquisition of containership operator CP Ships Ltd. by German travel and shipping company TUI AG. Total value of the deal; Plan of TUI to combine its Hapag-Lloyd container shipping business and CP Ships to create the world's fifth-largest container shipping company with a fleet of 139 ships; Impact of the move on future capacity and the ability to bargain for acceptable rates in the containership industry.


Related Articles

  • Hapag-Lloyd's Big Bid. Leach, Peter T. // Traffic World;9/5/2005, Vol. 269 Issue 36, p31 

    Reports that Hapag-Lloyd AG will become the world's fifth largest container line, if parent company TUI AG completes its acquisition of CP Ships. Consideration of TUI's unexpected decision to outbid its rivals in the scramble to buy CP Ships as a defensive move; Cost of integrating CP Ships into...

  • Hapag-Lloyd steps up. Leach, Peter T. // Journal of Commerce (1542-3867);8/29/2005, Vol. 6 Issue 35, p1012 

    Provides information on the planned acquisition of CP Ships Ltd. by container operator Hapag-Lloyd. Actions being taken by Hapag-Lloyd to maintain the vessel capacity of its U.S. East Coast ports; Acquisition cost including debt; Background of the two companies.

  • No NOL Deal.  // Traffic World;9/5/2005, Vol. 269 Issue 36, p31 

    Reports that Neptune Orient Lines Ltd. (NOL) is the odd carrier out in the purchase of CP Ships by Hapag-Lloyd AG. Views of maritime industry observers on NOL as another potential buyer for CP Ships; Reason why an investment analyst cut her rating on NOL.

  • Charting a new direction. Mongelluzzo, Bill // Journal of Commerce (1542-3867);2/6/2006, Vol. 7 Issue 6, p10 

    The article explores the changes in the east-west services of container ship lines. It states the number of ships to be delivered to container ship lines in 2006. The impact of the acquisition of P&O Nedlloyd by Maersk and the acquisition of CP Ships by Hapag-Lloyd on the containerization sector...

  • Let the bidding begin. Barnard, Bruce // Journal of Commerce (1542-3867);3/24/2008, Vol. 9 Issue 12, p32 

    The article discusses the plan by German company TUI to spin off its container shipping unit, Hapag-Lloyd. It cites TUI's attempts to integrate the container carrier into its corporate structure. It offers a look at Hapag-Lloyd's financial performance. It also explores the potential merger of...

  • CP Shareholders Approve Merger.  // Journal of Commerce (1542-3867);12/19/2005, Vol. 6 Issue 51, p9 

    The article reports that the shareholders of CP Ships approved the amalgamation of CP Ships and Ship Acquisition Inc. It was the final step in the merger of CP Ships into Hapag-Lloyd. The significance of the merger is also discussed. However, trading of the common shares of CP Ships is expected...

  • CP SHIPS CONFIRMS DISCUSSIONS AMIDST RUMORS OF TAKEOVER.  // Canadian Transportation & Logistics;Aug2005, Vol. 108 Issue 8, p12 

    Reports that CP Ships Ltd. has confirmed it is in discussions regarding a possible takeover. Report by the Canadian Press that CP Ships may be in the sights of a Chinese state-owned enterprise; Consolidation trend in the containership industry.

  • Tui AG tipped to acquire Tui Travel shares.  // Travel Trade Gazette UK & Ireland;10/17/2008, Issue 2838, p12 

    The article speculates on the acquisition of the shares of the Great Britain-based tour operator Tui Travel by Tui AG, after it sold two-thirds of its Hapag-Lloyd container shipping operation. Tui AG claimed that the sale of Hapag-Lloyd will open up investment opportunities for further expansion...

  • Hapag-Lloyd Regains Lost Terminal Stake.  // Journal of Commerce (1542-3867);9/14/2009, Vol. 10 Issue 36, p8 

    The article reports on the need for Hapag-Lloyd shareholders to return the 25 percent stake acquired in a Hamburg container terminal to qualify for Germany-backed loans. The rescue package by owners TUI and the Albert Ballin consortium is valued at 2.5 billion U.S. dollars. Germany asked for the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics