TUI, the parent company of Hapag-Lloyd has been trying to unload its 49.8% interest, while the Albert Ballin Group (Kuehne & Nagel) has been trying to sell its 50.2% in the container line.
Meanwhile it was announced this week that Onyx, an arm of the Oman Investment Fund has acquired 15% of Hapag-Lloyd, and a Chinese firm is interested in another 10% or so.
Just whose shares they are actually buying is not clear, but it seems that they are buying TUI's shares. TUI will then use the proceeds to buy Ballin's shares. Sounds complicated?
Hapag is the biggest container customer of the port of Halifax, on its own and through its tie ins to ACL, OOCL, etc., on shared services. Therefore its well being (and its ability to invest in newer ships) should be of major interest.