Hamburg to takeover Costa Container Lines

Hamburg Sud has announced that by December 1, it will takeover Costa Container Lines (CCL), including its liner shipping activities, container fleet and land-based staff in Italy, as well as its agency units in Europe, Central and South America.

The shipping major has signed a sale and purchase agreement with CCL, Calmedia Agenzia Marittima and the GF Group. As per the acquisition, Hamburg Sud will inherit the CCL container fleet. It also plans to charter the container vessels owned by CCL and the GF Group.

Hamburg Sud will assume control of CCL liner’s following services: Western Mediterranean-East Coast South America, East Coast South America-Caribbean and Mexico, Western Mediterranean-North Coast of South America and Caribbean, Italy-Turkey and Greece, Italy-Algeria, and the Italy-Syria, Lebanon and Egypt service.