Archives



Business, Freight News, Sea


Hapag-Lloyd to buy Latam terminals business

[ October 4, 2022   //   ]

Hapag-Lloyd is to acquire 100 % of the shares of Chile-based terminal operator SM SAAM Ports and SM SAAM Logistic, for around US$1 billion, subject to regulatory approval. SM SAAM operates 10 terminals in six North, Central and South American countries with around 4,000 employees and a combined container throughput of around 3.5 million TEU in 2021. It also operates logistics services at five locations in Chile, with t around 300 employees. SM SAAM’s tugboat services and airport logistics services businesses are not part of the transaction.

Tags: ,