--- title: "Update from ATAK-ORBIT (Türkiye) regarding Hapag-Lloyd and CSAV agreement" canonical_url: "https://www.pancoworld.com/member-news/update-from-atak-orbit-turkey-regarding-hapag-lloyd-and-csav-agreement" last_updated: "2026-07-17T14:00:45+00:00" locale: en meta: description: "I would like to share the following information about our industry. Maybe you have already follow up but i want to remind it. Hamburg SUD and CSAV signed combination agreement. Hapag-Lloyd and CSAV cr..." "og:description": "I would like to share the following information about our industry. Maybe you have already follow up but i want to remind it. Hamburg SUD and CSAV signed combination agreement. Hapag-Lloyd and CSAV cr..." "og:title": "Update from ATAK-ORBIT (Türkiye) regarding Hapag-Lloyd and CSAV agreement" "twitter:description": "I would like to share the following information about our industry. Maybe you have already follow up but i want to remind it. Hamburg SUD and CSAV signed combination agreement. Hapag-Lloyd and CSAV cr..." "twitter:title": "Update from ATAK-ORBIT (Türkiye) regarding Hapag-Lloyd and CSAV agreement" --- PANCO Group home Industry Insights16 Apr 2014 # Update from ATAK-ORBIT (Türkiye) regarding Hapag-Lloyd and CSAV agreement By PANCO Group I would like to share the following information about our industry. Maybe you have already follow up but i want to remind it. Hamburg SUD and CSAV signed combination agreement. **Hapag-Lloyd and CSAV create the fourth largest shipping company in the world** On Wednesday 16th of April Hapag-Lyoyd PLC and Compañía Sud Americana de Vapores (CSAV) signed a Business Combination agreement and thereby completing a binding agreement on the merger of CSAV and Hapag-Lyoyd, reports the German website, Fruchthandel.de. Subject to regulatory and competition authorities CSAV will be subsumed into Hapag-Lloyd. The headquarters will continue to be in Hamburg according to official reports. Above all Hapag-Lyod will gain a strong regional centre in Chile for business in Latin-America. Thanks to the merger Hapag-Lloyd will become one of the four biggest shipping company in the world with around 200 ships with a total transport capacity of approx. one million TEU, a yearly freight capacity of more than seven million TEU and a turnover of nine billion Euro. "*I am very pleased the we managed to complete this partnership. This day is an important milestone in the history of Hapag-Lloyd*," said Michael Behrendt, Chairman of Hapag-Lloyd, after the signing of the agreement. B. Regards / Saygılarımızla Mehmet ÖZKUL Int’I Logistics Manager![ATAKORBIT\_LOGO](https://cdn.pangea-network.com/2016/04/ATAKORBIT_LOGO.png) Share [Share on LinkedIn](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.pancoworld.com%2Fmember-news%2Fupdate-from-atak-orbit-turkey-regarding-hapag-lloyd-and-csav-agreement) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.pancoworld.com%2Fmember-news%2Fupdate-from-atak-orbit-turkey-regarding-hapag-lloyd-and-csav-agreement) [Share on X]() [Share on WhatsApp]() ## Ready to build relationships inside PANCO? Apply to join PANCO and build relationships with active forwarders, specialist cargo partners and strong networking opportunities. [Apply to Join PANCO](https://www.pancoworld.com/become-member)