Freight News, Sea

“Deal of the Year”: Hapag-Lloyd Wins Lloyd’s List Award

[ October 2, 2017   //   ]

Hapag-Lloyd was awarded one of the industry’s most prestigious honors: The Lloyd’s List “Deal of the Year” award for its merger with UASC, a project dubbed “better.united.”, thereby prevailing against six other finalists.

The Lloyd’s List Global Awards was held in London on September 27.

In the jury’s view, the merger was not easy to pull off in an environment of ongoing consolidation in the industry, but it was at the same time a good strategic decision. With this move, the jury continued, Hapag-Lloyd climbed into the ranks of the top 5 carriers in the world, was able to strengthen its presence in the Middle East and Asia, and will be able to leverage important synergies. Cameron Bowie, Managing Director Area UK, accepted the award on behalf of Hapag-Lloyd at a gala celebration attended by 400 guests at the National Maritime Museum. Lloyd’s List is one of the oldest and most important trade publications in the world of shipping.