On May 24, 2017, Hapag-Lloyd’s official website announced that the merger of Hapag-Lloyd and Arabian had been completed, officially becoming one company. This event has important historical significance for the two shipping lines and the global shipping market.
In the book “To the customers of Arabian Steamship and Hapag-Lloyd” by Hapag-Lloyd, the new Hapag-Lloyd is one of the top five ship operators in the world and will use larger, more efficient and more environmentally friendly ships, to provide customers with a range of important services worldwide.
However, it is worth noting that the integration of the two companies’ internal systems and processes cannot be completed in a short time, so both parties will continue to operate independently for the time being. The first Arabian service is expected to be transferred to Hapag-Lloyd in July this year, while the other services will be gradually transferred over the coming weeks.
It is known that on June 29, 2016, Hapag-Lloyd officially confirmed that Hapag-Lloyd would merge with Arabian Ships and since then, the merger has been officially completed for nearly a year. New Hapag-Lloyd ranks 5th in the world with a fleet size of 226 ships and a total capacity of 1.543 million TEU, accounting for 7.4% of the world’s total capacity.
Although Hapag-Lloyd’s move to consolidate its Arab vessels did not improve its ranking in terms of global shipping capacity, it narrowed the gap between Hapag-Lloyd and COSCO, the fourth-ranked carrier (8.3% of the world’s total capacity). difference. At the same time, by consolidating the container shipping resources of Arab vessels, it further consolidated its market position on the North European to North American trade routes, while achieving synergy and reducing operating costs.