Hapag-Lloyd/UASC merger creates younger, bigger and more efficient fleet
HAPAG-LLOYD’s merger with UASC has created the fifth-largest liner shipping company in the world, with a combined fleet of 230 vessels and a capacity of 1.6 million boxes.
The combined line expects to achieve $435 million in annual synergies by 2019 and limit its need for new-building investment.
The”new” Haag-Lloyd will have the youngest fleet among all of its large competitors, that means they can sail in a more fuel-efficient manner and minimise emissions further.
The two companies will be integrated into the Hapag-Lloyd brand but, for the time being, will continue operating with both Hapag-Lloyd and UASC Bills of Lading and systems to avoid any confusion.
To ensure a smooth integration of the two merging companies UASC personnel will undertake 1,700 days of training, covering topics such as processes, applications and company structure
The commercial Cut-Over process which starts mid-July is due to be completed in October 2017.