ShippingWatch

Moody's anticipates more acquisitions in the container sector

Rating bureau Moody's analysts expect that the continuing overcapacity will result in more mergers and acquisitions in the years to come. The industry itself is split on the matter.

While the world's five biggest container carriers control 65 percent of the global market today, they only had 48 percent a decade ago – a factor which in itself illustrates how the consolidation in the sector has created new container behemoths in recent years.

With the recent approval of its acquisition of Hamburg Süd, Maersk Line's takeover of the German carrier stands as the latest example of the acquisition wave that has given the Danish carrier an aggregate market share of close to 18 percent.

Read the whole article

Get 14 days free access.
No credit card required.

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

Oil service firm loses nearly USD 60 million in three months

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Further reading

Related articles

Trial banner

Latest news

See all jobs