Sponsored
Business

Hapag-Lloyd Acquires Africa Carrier NileDutch

Sponsored
Sponsored

Hapag-Lloyd has successfully closed the acquisition of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). After signing a sales and purchase agreement in March, Hapag-Lloyd has now formally acquired all shares of the company after all responsible antitrust authorities had approved the transaction.

 “We are very excited about closing the deal and look forward to working with our new colleagues to unlock the enormous potential that Africa has to offer”, explains Rolf Habben Jansen, CEO of Hapag-Lloyd. “With the people from NileDutch joining our company, Hapag-Lloyd is noticeably increasing the number of employees on the ground in Africa. We are happy and excited to welcome NileDutch’s roughly 350 employees to the Hapag-Lloyd family.”  

Depending on market conditions, Hapag-Lloyd and NileDutch are aiming to integrate major parts of their businesses already in the later part of 2021 to be able to offer the full benefits of the combined network to their customers as soon as possible.

With 40 years of experience in the market, NileDutch is one of the leading shipping companies along the West African coast. Headquartered in Rotterdam, NileDutch is present in 85 locations across the world and has 16 offices in the Netherlands, Belgium, France, Singapore, China, Angola, Congo and Cameroon. The company also brings with it 10 liner services, around 35,000 TEU of transport capacity, and a container fleet with a capacity of around 80,000 TEU.

The integration will be moving at a swift pace and full commercial integration is expected to be completed by the end of 2021.

Sponsored
Alinnor Arinze

Recent Posts

Dangote Refinery Cuts Fuel Prices Again, Signals Further Moderation

Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium…

54 minutes ago

Rescue Mission: Governor Lawal Approves N7.2bn for Community Projects Across Zamfara

Zamfara State Government under the leadership of Governor Dauda Lawal has earmarked N7.2 billion for…

2 hours ago

Tokunbo Wahab And The Burden of Responsibility; More Kudos Than Knock

BY OLADAPO SOFOWORA In the relentless theatre of Lagos' environmental space, the stakes are measured…

2 hours ago

NUT’s Suspension Of Strike Demonstrates Patriotism, Commitment To Pupils’ Future – Adeniran

The Executive Chairman of the Oyo State Universal Basic Education Board (OYOSUBEB), Dr. Nureni Aderemi…

2 hours ago

Comrade Dauda Joins Residents As Ikeja Hosts Celebrity Boxing Promotion

The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), on Wednesday joined…

4 hours ago

Buruj Academy Duo Raheem & Fawas Set For Italy, UK, Netherlands Tour

Golden Eaglets stars, Raheem Moyinoluwa Salaudeen and Fawas Ayomide Adeleke, are set to resume preparations…

5 hours ago
Sponsored