German container shipper Hapag-Lloyd AG and its Chilean peer Compania Sud Americana de Vapores SA signed a binding merger agreement, creating the world's fourth-largest container-shipping company.

Hapag Lloyd Chief Executive Rolf Habben Jansen told a news conference this week he had underestimated the complexity of the 7 billion to 8 billion euro ($7.6-$8.7 bln) deal, which will create one ...

German container shipping line Hapag-Lloyd AG <HLAG.DE> has agreed a merger deal with United Arab Shipping Company (UASC), creating a group with an estimated value of 7 to 8 billion euros(5.78-6. ...