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Hamburg Süd signs agreement to buy CCNI's container shipping business

Hamburg Süd has signed a sale and purchase agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica (CCNI).

Michele Labrut, Americas Correspondent

February 18, 2015

1 Min Read
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The deal includes the related general agency functions of Agunsa Agencias Universales (Agunsa), with headquarters in Valparaiso and Santiago de Chile.



The takeover of the CCNI / Agunsa business is, subject to approval by anti-trust authorities, scheduled to become effective at the end of March 2015, Hamburg Süd said in a statement.



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

José Luis Chanes, CCNI general manager, reported to Chile’s Superintendence of Securities and Insurance (SVS), that the sale could take place next 17 March as long as the National Economic Prosecutor (FNE) approves the transaction.


In its submission to the regulator the company added that "with this sale the conditions are met to terminate the Brokerage Services Agreement dated March 10, 1997, signed by CCNI and Agencies Universal SA (AGUNSA), which will be implemented on the same date of the transfer of CCNI to Hamburg Sud”.

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.

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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