Today a familiar looking ship (it has several sister ships working for Zim) arrived, still bearing the name CSAV Lluta. Ironically, the ship is actually owned by a German company, Reederei Karl Schluter, and is on charter to CSAV - now Hapag-Lloyd.
Built as Jules Verne by Jiansu Yangzijian Shipyard in Jiangyin, China, it is 4,256 TEU (698 reefer) ship of 40,451 grt, 50,466 deadweight.
The Hapag-Lloyd deal has been characterized as a reverse takeover. Hapag-Lloyd purchased CSAV, but the price was a one third ownership position in H-L, making CSAV the largest single shareholder. Former shareholder TUI is finally out of the container business, with the City of Hamburg and Kuehne the other major shareholders (holding about 40% between them). The rest of the company is widely held, but a new share offer is expected before the end of 2015.
The appearance of double Ls in Lluta and Lloyd is an ironic coincidence. Rio Lluta is a 147km river in northern Chile, that flows from the Peruvian borderland to the Pacific.
Lloyd comes from one of the ancestral firms, Norddeutscher-Lloyd, which merged with Hamburg-Amerika AG to form Hapag-Lloyd. However it originates with Edward Lloyd, the 17th-18th century owner of a London coffee house, who provided a forum for ship owners to broker cargo and trade news. Lloyd's customers formed a self-insurance scheme which is now Lloyds of London. Lloyd's Register also took its name from the same coffee shop owner, as did Lloyd's List shipping newspaper.