AFRICA – Hapag-Lloyd, a German container shipping company, and NileDutch, a container shipping company, have signed a sale and purchase agreement to acquire all shares of the Dutch container shipping company Nile Dutch Investments B.V.
The sale and purchase agreement are subject to the approval of antitrust authorities.
Rotterdam-headquartered NileDutch is among leading providers of container services from and to West Africa.
The company currently offers 10 liner services, around 35,000 TEU of transport capacity and a container fleet of around 80,000 TEU, the company connects Europe, Asia and Latin America with West and South Africa.
“The acquisition of NileDutch strengthens our position in West Africa and will be an excellent addition to our existing activities on the continent.”Rolf Habben Jansen – CEO, Hapag-Lloyd
“Africa is an important strategic growth market for Hapag-Lloyd. The acquisition of NileDutch strengthens our position in West Africa and will be an excellent addition to our existing activities on the continent,” Rolf Habben Jansen, CEO of Hapag-Lloyd, said.
“Our combined customer base will benefit from a denser network from and to Africa as well as from a much higher frequency of sailings. We welcome the new colleagues from NileDutch and hope that together we can further develop our business in Africa in the years to come.”
With a fleet of 234 containerships and a total transport capacity of 1.7 million TEU, Hapag-Lloyd is is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades. Its 121 liner services connect between more than 600 ports on all the continents.
“Hapag-Lloyd and NileDutch are a very good fit and I am happy that we join forces. Combining our business and expertise in West Africa with Hapag-Lloyd´s worldwide network will enable us to make the next step and further develop the Africa business,” Wim van Aalst, President of NileDutch, said.
The acquisition comes after Hapag-Lloyd predicted last month a very strong earnings growth amid exceptional demand for container transports, which has spurred freight rates.
At the end of last year, the company announced a major, US$1 billion worth order for the construction of six LNG-powered 23,500+ TEU container vessels. The investment in LNG-powered giants comes on the back of Hapag-Lloyd’s first conversion project of an LNG-ready ultra-large containership to LNG.