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Container Shipping Mergers Will Leave Only 5 or 6 Survivors

August 14, 2017 12:05 am Published by

In the past 24 months, eight of the top 20 container shipping lines has been acquired or gone bankrupt. And, according to the chief executive of AP Moller-Maersk, container shipping companies will continue to do deals; leaving only five or six survivors.

My prediction would be that the industry would consolidate further. A decade from now, we would be more in the five to six range.- Chief Executive, AP Moller-Maersk

Maersk Line is in the process of buying Hamburg Süd; Hapag-Lloyd has taken over two competitors in recent years; CMA CGM bought NOL; there have been separate mergers between Japanese and Chinese groups; and South Korea’s Hanjin Shipping went bankrupt in 2016.

Maersk Line is also in a network-sharing alliance with Mediterranean Shipping Company, the number two player in the industry. Together, with two similar groups, the informal partnership controls approximately 80 percent of global container shipping.

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