Maersk alliance leads port giant to divest

The planned formation of the world's largest container alliance between Maersk Line, MSC and CMA CGM could radically alter the landscape among key Asian ports, according to Alphaliner.

The planned mega alliance with Maersk Line, MSC CMA CGM could, according to analysts Alphaliner, radically alter the landscape among the major key container ports in Southeast Asia, especially Singapore, Port Kelang and Tanjung Pelepas, all three of which are struggling with declining cargo volumes.

The three container carriers in the new alliance each have their own key hub in Southeast Asia, with Maersk owning 30 percent in Tanjung Pelepas, MSC owning half of PSA Asia Terminal in Singapore, though CMA CGM does not have an ownership stake in Port Kelang in Malaysia, where the French carrier is the biggest customer.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs