Hapag-Lloyd

Hapag-Lloyd AG is a German international shipping and container transportation company. It was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and Norddeutscher Lloyd. History The company was formed on September 1, 1970, by the merger of two German transportation/maritime companies, Hamburg-American Line (HAPAG), founded in 1847, and Norddeutscher Lloyd (known in English as North German Lloyd), which was formed in 1857. Since its formation, Hapag-Lloyd has seen changes among its shareholders and has also undergone a number of mergers with other companies. For instance, Hapag-Lloyd was completely acquired by, and became a subsidiary of TUI AG (Hanover) in 1998. This transition was followed by TUI selling a majority stake of Hapag-Lloyd to private investors in Hamburg in 2009 and further sales in 2012. Other important events in the history of the company include Hapag-Lloyd's acquisition of CP Ships in 2005 as well as Hapag-Lloyd's merger with the container business of CSAV in 2014, and United Arab Shipping Company in 2017.