While Maersk shipping announced the formal completion of the acquisition of Hamburg South America, he also formally completed the integration of the Arabia ship.
German shipping company announced the day before the Lloyd was completed in November 30th, the integration with the United Arab Emirates shipping company in Arabia ship.
Previously, Lloyd and Arabia ship to complete the merger in May 24, 2017, and in the next 6 months will operate the business and IT system, both sides of the fleet and the corresponding departments and national organizations together.
Chief executive Rolf Habben said Jansen Lloyd, thanks to good co-operation team of the company, the company realized the integration in a short span of 6 months.
Lloyd issued notification that the company has 215 modern containerships, providing 125 liner services worldwide, is now the world's fifth largest shipping company, has one of the youngest fleet industry and the most competitive.
From the beginning of 2019, due to the merger with the Arabia ship, Lloyd expected annual synergies of $435 million.
Habben Jansen said, to 2018, because the cost is greatly reduced, Lloyd will benefit from the merger of two shipping companies.
The two sides signed a business merger agreement (BCA) in July 2016 and were approved by more than 10 competition management agencies around the world. In addition, Lloyd said earlier that the company changed the legal structure, and has received a number of banks agreed to.
