2013 could be the year which sees the fusion of Germany’s two major container companies Hapag-Lloyd and Hamburg Süd, which by analyst firms such as SeaIntel and Alphaliner are said to gain significant opportunities, such as those awarded by a merger to create the world’s fourth largest container company. To shipowner John Fredriksen, seen by many as Norway’s most powerful businessman and the uncrowned king of the shipping industry, the merger could be the end of a long and often tense relationship to Hapag-Lloyd through his indirect ownership of the company as a major shareholder of the leisure travel company TUI AG.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.