CMA-CGM and Hapag-Lloyd Seek to Maintain Brazilian Momentum — Panjiva
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CMA-CGM and Hapag-Lloyd Seek to Maintain Brazilian Momentum

Brazil 403 Corp - Shipping 1000 Mode - Containerized 1498 Mode - Seaborne 1825

Hapag-Lloyd and CMA-CGM are adding new Europe-to-Brazil routes as part of the restructuring of their services. The latter’s is in part driven by its acquisition of Mercosul from Maersk. Both companies have already been expanding their market share. Hapag-Lloyd added 1.5% points on a year earlier to reach 16.4%, helped by its CSAV purchase. CMA-CGM meanwhile expanded by 0.5% points to 9.5%. Further opportunities to expand may come from the Brazilian government’s review of Maersk’s purchase of Hamburg Sud.

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