About Maersk Line
- Maersk Line is the world's largest container shipping company, known for reliable, flexible and eco-efficient services.
- Part of A.P. Moller - Maersk A/S, headquartered in Copenhagen, Denmark, Maersk Line operates 668 container vessels providing ocean transportation to all corners of the world.
- Every day, 7,600 Maersk Line seafarers and 22,600 land-based employees at 306 offices in 114 countries share their expertise with customers around the world to optimise their supply chains, maximise their distribution networks and most of all realise their business potential.
- Maersk Line is devoted to creating simple and reliable solutions for customers, continuously lifting industry standards and enabling global trade in the most sustainable manner possible.
For more information: www.maerskline.com
Upon transfer of ownership, Dr. Ottmar Gast will retire as Chairman of the Executive Board of Hamburg Süd to become new Chairman of the Supervisory Board of Hamburg Süd. Søren Toft, Chief Operating Officer, A.P. Moller - Maersk, will become Board Member of the Supervisory Board of Hamburg Süd. New CEO for Hamburg Süd will be Dr. Arnt Vespermann.
"Becoming part of the world's number one shipping company will create a lot of opportunities. We will strengthen Hamburg Süd in the global playing field and grow our market share together. At the same time, Hamburg Süd will continue serving our customers as a separate brand," says Arnt Vespermann.
In the future, Maersk Line and Hamburg Süd will offer customers better market coverage, attractive direct services and other benefits via a combined global network. The cost synergies will primarily be derived from integrating and optimising the networks as well as standardised procurement.
Together, Maersk Line and Hamburg Süd will have a total container capacity of 4.15 million TEU and a 19.3% global fleet capacity share (Alphaliner, 27 November 2017). 105 Hamburg Süd vessels will be integrated into the fleet of Maersk Line. The combined fleet will include a total of 772 vessels (owned and chartered).
Maersk Line will acquire Hamburg Süd for EUR 3.7 billion on a cash and debt-free basis. Maersk Line will finance the acquisition through a syndicated loan facility.
Press event tomorrow (1 December 2017) at 01.30 pm CET in Hamburg
COO A.P. Moller - Maersk, Søren Toft, and CEO of Hamburg Süd, Arnt Vespermann will host a press event tomorrow at 1.30 pm CET at the Hamburg Süd headquarters in Hamburg (Willy-Brandt-Str. 59), addressing this milestone in the history of the two companies and the opportunities it provides for Hamburg Süd. The event is for media representatives only, sign up for accreditation via Hamburg Süd or A.P. Moller - Maersk Communications departments (contact information below).
A.P. Moller - Maersk, Transport & Logistics
Head of Media, Signe Brink Wagner
Mobile: +45 29 77 18 15
Global Head of Corporate Communication, Eva Graumann
Mobile: +49 163 705 2627