19.08.2016 14:48:00

Hapag-Lloyd AG -- Moody's: Hapag-Lloyd's UASC merger strengthens competitive position despite near-term financial pressure

London, 19 August 2016 -- Hapag-Lloyd AG's (B2 stable) business combination with United Arab Shipping Company S.A.G. (UASC, unrated) strengthens its competitive position and business profile, albeit at a cost of higher leverage, according to Moody's Investors Service. Hapag-Lloyd AG, one of the largest container shipping liner companies globally, will integrate the fleet and operations of UASC.

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