Could Maersk’s Concessions for Hamburg Sud Include Brazil? — Panjiva
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Could Maersk’s Concessions for Hamburg Sud Include Brazil?

Brazil 398 Corp - Shipping 980 European Union 831 Finance 118 Logistics 476 Mergers 220 Mode - Containerized 1473 Mode - Seaborne 1804

The European Commission has received concessions offered by Maersk for approval of its bid for Hamburg Sud. Maersk expects a decision by April 10. While the terms have not yet been made public, the EC’s approval of Hapag-Lloyd’s bid for UASC involved withdrawing from a U.S.-bound route consortium. One area of concession may be on Europe-Brazil lanes, where the combined entity would have a 39% share in the three months to January 31. That rises to 68% when 2M partner MSC is included. U.S.-bound routes have fewer issues, though the possibility of a DoJ investigation may be a complication.<...

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