Hapag-Lloyd, a liner shipping company, agreed to acquire the terminal business of SM SAAM, a terminal operator, logistics company and towage provider, for $1bn. “Investing in terminal infrastructure is a key element of our strategic agenda, and Latin America is one of our stronghold markets. Acquiring SM SAAM’s terminal operations and complementary logistics services will help us to further strengthen our business while building up a robust and attractive terminal portfolio,” Rolf Habben Jansen, Hapag-Lloyd CEO.