Subscribe to RSS feedHapag-Lloyd’s owners are considering state bail-out
by
Patrick Hagen & Herbert Fromme, Cologne
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last modified
Jul 09, 2009 04:33 PM
GERMAN container line Hapag-Lloyd is considering applying for government aid to ensure its survival. Hapag-Lloyd’s owners, Tui and the Albert Ballin consortium, are in talks about which would give the line fresh capital.
“There is an ongoing discussion between the owners,” a source close to the situation said. However, the carrier denied a newspaper report that it was already in talks with the government over financial aid.
“We did not apply for...
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