ShippingWatch

Port investor sees significant need for consolidation in European ports

In three years, investment company Blue Ocean Capital has been involved in close to 25 transactions in the European port sector. Family-owned companies in particular feature prominently in the portfolio, says CEO Jacob Ingemann Olsen, who anticipates increased consolidation.

Photo: Blue Ocean Capital

It has become difficult for several medium-sized and small companies in the European port sector to get by.

And as was the case among shipping companies, where container carriers such as Hamburg Süd, UASC and OOCL have been acquired, there is a need for gathering the sector on fewer hands, says Jacob Ingemann Olsen, CEO of investment company Blue Ocean Capital, whose background includes positions at Maersk and several other shipping companies.

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