FlyingTypers Logo
   Vol. 17 No. 42
Tuesday July 16, 2018

Hapag Pays Dividend

      Rolf Habben Jansen, CEO of Hapag-Lloyd AG said, “Our fast and successful merger with the United Arab Shipping Company (UASC) has significantly strengthened our competitive position.
      “We achieved good results for the last financial year and have made a solid start to the first quarter of 2018.
      “Our shareholders have kept their faith in us and supported us during the difficult times as well.
      “So I am delighted that we can pay a dividend for the last financial year,” as Hapag, a perennial money loser, said it would pay a dividend of EUR .57 a share for financial 2017.

      Hapag’s merger with UASC last year created the world’s 5th largest shipping company in a rapidly consolidating industry.
      Eventually the USAC name will disappear altogether.
      From Hapag headquarters in Germany, Jansen added:
      “Hapag-Lloyd has long-term and extensive know-how when it comes to acquisitions. “By merging with the Canadian shipping company CP Ships in 2005 and, more recently, with CSAV in 2014, and UASC in 2017 we have demonstrated the ability to combine businesses and integrate them quickly, efficiently and profitably.”

Publisher-Geoffrey Arend • Managing Editor-Flossie Arend •
Film Editor-Ralph Arend • Special Assignments-Sabiha Arend, Emily Arend • Advertising Sales-Judy Miller

fblogoSend comments and news to geoffrey@aircargonews.com
Opinions and comments expressed herein do not necessarily reflect the views of the publisher but remain solely those of the author(s).
Air Cargo News FlyingTypers reserves the right to edit all submissions for length and content. All photos and written material submitted to this publication become the property of All Cargo Media.
All Cargo Media, Publishers of Air Cargo News Digital and FlyingTypers. Copyright ©2018 ACM, Inc. All Rights Reserved.
More@ www.aircargonews.com

recycle100% Green