Hapag-Lloyd wraps up NileDutch purchase
Hapag-Lloyd has closed the acquisition of the Dutch container shipping company Nile Dutch Investments (NileDutch).
After signing a sales and purchase agreement in March, Hapag-Lloyd has now formally acquired all shares of the company after all responsible antitrust authorities had approved the transaction.
“We are very excited about closing the deal and look forward to working with our new colleagues to unlock the enormous potential that Africa has to offer”, explains Rolf Habben Jansen, CEO of Hapag-Lloyd.
With the transaction complete, around 320 employees of NIleDutch will join Hapag-Lloyd
Depending on market conditions, Hapag-Lloyd and NileDutch are aiming to integrate major parts of their businesses already in the later part of 2021. This will open the doors for the company to offer the full benefits of the combined network to their customers as soon as possible.
With 40 years of experience in the market, NileDutch is one of the leading shipping companies along the West African coast. Headquartered in Rotterdam, NileDutch is present in 85 locations across the world and has 16 offices in the Netherlands, Belgium, France, Singapore, China, Angola, Congo and Cameroon.
The company also brings with it 7 liner services, around 35,000 TEU of transport capacity, and a container fleet with a capacity of around 80,000 TEU.
NileDutch’s breakbulk services
At the time of the initial sale and purchase announcement in March, Hapag-Lloyd told Project Cargo Journal that as far as the company knows, NileDutch “does not have any structural MPV services and no more MPV ships in their fleet.”
According to NileDutch website, the company offers project and breakbulk cargo services to West Africa. The company notes that it offers shipping solutions for bulk parcels and breakbulk, including project, heavy and out-of-gauge cargoes. It also boast lift capabilities of up to 160 tons.
However, a Hapag-Lloyd spokesperson told PCJ that NileDutch stopped MPV services about one year ago. Currently the company has no vessels able to do MPV business, and there are no plans to take up MPV services again.