{"id":639,"date":"2017-11-16T11:14:06","date_gmt":"2017-11-16T11:14:06","guid":{"rendered":"https:\/\/phoenixglobalgroup.com\/?p=639"},"modified":"2024-02-27T09:52:04","modified_gmt":"2024-02-27T09:52:04","slug":"opportunities-for-hapag-lloyd-to-gain-market-share-in-latin-america","status":"publish","type":"post","link":"https:\/\/phoenixglobalgroup.com\/el\/nea\/opportunities-for-hapag-lloyd-to-gain-market-share-in-latin-america\/","title":{"rendered":"\u201cOpportunities\u201d for Hapag-Lloyd to gain market share in Latin America"},"content":{"rendered":"
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By\u00a0Mike Wackett<\/a>
\n16\/11\/2017<\/p>\n

There are \u201copportunities\u201d for Hapag-Lloyd to gain market share in Latin America as a result of Maersk\u2019s takeover of Hamburg S\u00fc<\/u>d, according to CEO\u00a0Rolf Habben Jansen.
\n\u201cIt is always a little difficult to retain market share when you go through a merger,\u201d\u00a0he said yesterday following Hapag-Lloyd\u2019s third-quarter investor presentation.<\/p>\n

It was the voice of experience following\u00a0the acquisition of CP Ships in 2005,\u00a0of CSAV in 2014 and the merger with UASC completed in May this year.<\/p>\n

Confirming that the Latin America tradelanes were now performing \u201cstrongly\u201d, Mr Habben Jansen said the regulatory concessions necessary for Maersk\u2019s acquisition of Hamburg S\u00fcd \u2013 including the sale of Brazilian domestic carrier Mercosul Line to rival CMA CGM \u2013 \u201cgives us some opportunities to grow a little bit faster\u201d in Latin America.<\/p>\n

Maersk\u2019s acquisition of Hamburg S\u00fcd was given conditional approval by the Chinese Ministry of Commerce on 7 November. Now only two of 21 regulatory approvals still need to be obtained and\u00a0CEO Soren Skou anticipates the purchase could be completed by the end of the month.<\/p>\n

Alphaliner noted that conditions demanded by China\u00a0meant some quite tough restrictions on growth, including Maersk terminating Hamburg S\u00fcd\u2019s participation in the Asia-east coast South America Multicarrier 2 VSA with Hapag-Lloyd, COSCO, HMM, NYK and Zim, which also includes slot swaps with CMA CGM, Evergreen and Yang Ming.<\/p>\n

Maersk is also required not to extend Hamburg S\u00fcd\u2019s participation in the Asia-west coast South America VSA with MSC, CMA CGM, COSCO, Hapag-Lloyd and HMM and cannot enter into any VSA or alliance with CMA CGM, Hapag-Lloyd, MSC and NYK within five years of the acquisition.<\/p>\n

But perhaps the toughest of all is that Maersk must reduce its reefer slot capacity share on the Asia-WCSA tradelane from the current combined 45-50% to 34-39% within 90 days of completion and maintain it at that level for three years.<\/p>\n

Alphaliner said the restrictions \u201cradically altered the service structures\u201d on the Asia-South America trades. It added: \u201cMaersk\u2019s rivals will likely seek to expand their participation in the routes as, after a two year slump, volumes and freight rates have recovered strongly.\u201d<\/p>\n

Source:
\nhttps:\/\/theloadstar.co.uk\/hapag-lloyd-eyes-market-share-grab-asia-latin-america-container-trades\/?utm_source=The+Loadstar+daily+email&utm_campaign=3ebc8fbd12-EMAIL_CAMPAIGN_2017_11_15&utm_medium=email&utm_term=0_c4570e43d4-3ebc8fbd12-131854237<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By\u00a0Mike Wackett 16\/11\/2017 There are \u201copportunities\u201d for Hapag-Lloyd to gain market share in Latin America as [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[32],"class_list":["post-639","post","type-post","status-publish","format-standard","hentry","category-nea","tag-2017-el"],"yoast_head":"\n\u201cOpportunities\u201d for Hapag-Lloyd to gain market share in Latin America - PHOENIX GLOBAL FREIGHT GROUP S.A. - Since 1991<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/phoenixglobalgroup.com\/el\/nea\/opportunities-for-hapag-lloyd-to-gain-market-share-in-latin-america\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cOpportunities\u201d for Hapag-Lloyd to gain market share in Latin America - 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