Hamburg Süd with headquarters in Hamburg, Germany, is pleased to announce that the company has signed a Sale and Purchase Agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related general agency functions of Agunsa Agencias Universales S.A, (Agunsa), with headquarters in Valparaiso and Santiago de Chile.

The take-over of the CCNI / Agunsa business is, subject to approval by the competent antitrust authorities, scheduled to become effective at the end of March 2015.

Hamburg Süd will operate the CCNI container liner business under this well established brand name in the main trades between the West Coast of South America, Asia, Europe and North America respectively. Merging the experienced workforces of CCNI and Hamburg Süd will help to create an even stronger organization that will provide a first class service to the customers of both companies.

CCNI will discontinue their container liner services and will only be using the CCNI name for the Car Carrier activities which they will retain. Agunsa will continue representing other shipping lines as agent and will also further develop its port and logistics services business in South America.