TITLE

PARENT COMPANY OF HAPAG-LLOYD BUYING CP SHIPS FOR S2.3B

AUTHOR(S)
Smyrlis, Lou
PUB. DATE
September 2005
SOURCE
Canadian Transportation & Logistics;Sep2005, Vol. 108 Issue 9, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
18613320

 

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