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Hapag Lloyd (English)

Hapag-Lloyd is a German transportation company comprising a cargo container shipping line, Hapag-Lloyd Container Line, and a cruise line, Hapag-Lloyd Cruises. It was formed in 1970 as a merger of two 19th Century companies, Hapag, which dated from 1847, and Norddeutscher Lloyd (NDL) or North German Lloyd (NGL), which was formed in 1856. Hapag-Lloyd was acquired in 1998 by TUI AG (Hanover) and became its fully-owned subsidiary in 2002. TUI AG is also one of the world's largest shipping companies, having its logistics activities bundled within Hapag-Lloyd AG and concentrated on the highly profitable shipping sector. 2005 The shipping activities are grouped under the Hapag-Lloyd. With the acquisition of CP Ships in October 2005 and it becomes the fourth largest worldwide container shipping company CP Ships was a large Canadian container shipping company now part of Hapag Lloyd since late 2005 and re-branded as Hapag-Lloyd Canada. CP Ships grew by acquisitions. From 1993, it acquired as many as ten companies, including Cast (1995), Lykes Lines (1997), TMM Lines (2000) and Italia Line (2002).

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