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Rating bureau calls off liner companies' acquisition race

The liner companies' acquisition and consolidation race is "approaching its end," says one of the world's largest credit rating bureaus, Fitch. The bureau applauds the companies' venturing into logistics, but also points to several considerable challenges.

Photo: Maersk Line

The consolidation seen in recent years in the container sector, where for instance Hamburg Süd has become part of Maersk, could be ending. Instead, the liner companies are homing in on creating new income by betting on logistics, says credit rating bureau Fitch Ratings in a new report.

The move away from consolidation and acquisitions toward what Fitch describes as a vertical integration, in which liner companies enter logistics, is, says the ratings bureau, due to the fact that the liner companies are struggling with low growth.

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