ShippingWatch

SeaIntel Consulting: Box merger reshuffles alliances

Sensible decision to merge China Cosco and China Shipping Container Lines if the two companies are to become profitable, says Lars Jensen, SeaIntel Consulting. But two of the four major container alliances will be changed.

Photo: Seanews.com

It makes good sense to merge China's two major state-owned container carriers China Cosco and China Shipping Container Lines, which the Chinese government is presumably preparing to do, notes Lars Jensen of SeaIntel Consulting.

"From a purely economical and rational point of view, a merger of the two carriers is the only right thing to do, and the fact that it has not happened sooner is due to the internal conditions in Chinese politics. Basically, the merger is only about making the two carriers more profitable," Lars Jensen tells ShippingWatch:

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

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. In a short period of time, Poseidon will reassess its ambition.

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Further reading

Related articles

Trial banner

Latest news

See all jobs