Hapag-Lloyd and Spinelli Group have entered into an agreement to join forces. The German container liner-shipping company will acquire a 49% in Spinelli Group, a leading Italian logistics group, from existing shareholders, while Spinelli family will continue to hold the majority stake of 51%. The parties have agreed to not disclose any financial details of the deal.
The completion of the transaction is subject to the approval of the responsible antitrust authorities, which is expected within the next months.
On the other hand It will join Maersk, Cosco and Msc already present under the Lanterna and in the other Ligurian airports. The vertical integration and landing on land of global carriers continues Shipping Italy reported
The German shipping carrier Hapag Lloyd confirmed its entry into the Spinelli group this morning with the acquisition of a 49% minority stake; the Icon Infrastructure fund sold its 45% acquired in 2015 and the Spinelli family in turn a further 4%.
The note from the global carrier emphasizes that the deal will be concluded in the coming months after obtaining the usual authorizations from the antitrust authority and that the figures remain confidential.
In terms of significant presence on the competitive scenario of the Italian docks, the Psa group in Singapore plays the lion’s share with the Pra ‘and Sech terminals in Genoa, to which Vecon in Marghera is added, while Contship Italia is active as a partner. majority in Spezia (in the La Spezia Container Terminal), while it is a minority in the capital of the Salerno Container Terminal and of the Ravenna Container Terminal (controlled by the Sapir Group).
The new entrants include Yilport at the San Cataldo Container Terminal in Taranto, Hhla in Trieste in Hhla Plt Italy and the Grendi Group with the Mito terminal in Cagliari.
Those who are still not present in Italy despite a very vast and consolidated international network in port terminalism are the groups Dp World (which would also be looking with interest at docks to be acquired especially in Liguria) and Hutchison (which a few years ago withdrew from the Taranto Container Terminal where she was a partner of To Delta, the current 50% concessionaire in Trieste).
With a fleet of 253 modern container ships and a total transport capacity of 1.8 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies.
The Company has around 14,300 employees and more than 400 offices in 137 countries. Hapag-Lloyd has a container capacity of 3.0 million TEU – including one of the largest and most modern fleets of reefer containers.
A total of 126 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.
About Spinelli Group
Since 1963 Spinelli has been synonymous of Italian logistics, thanks to its wide-reaching and spread-out presence throughout the national port terminals and intermodal centers.
The business units of the Group offer integrated services that meet the needs of the entire logistics chain: port terminals, intermodal transport, truck, warehousing, storage areas, repair, container sales and customs operations.
The Group has about 700 resources and constantly renews its commitment to supporting the local community and the national systems
source : Shipping Italy + Press- release