2017: Consolidation Year for Container Players

- , 30/12/2016, 21:25
Late last year (October 2016), Japan’s three biggest shipping companies agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.
Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., which are predicting operating losses this year, will create a company that will control 7 percent of the world container-shipping trade.
And the latest is Maersk Line to acquire Hamburg Süd, the German container shipping line and the world’s seventh largest container shipping line and a leader in the North – South trades.