Vapores, Hapag-Lloyd ink binding agreement for business tie-up
By: Reuters | Apr 16 2014 at 02:44 PM | Liner Shipping
Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with Germany’s Hapag-Lloyd to tie-up their businesses and create the world’s fourth-largest container-shipping company.
The companies announced in January they had inked a non-binding memorandum of understanding for the deal.