15/12/2015at 11:32

Analysis: Maersk's deep pockets make all the difference

The consolidation that is beginning in the container market will absorb some of the extreme overcapacity in the long run, and this improved balance is a good sign for rate development, assesses Jefferies. Maersk is definitely in the best position, notes the analyst agency.

BY DANIEL LOGAN BERG-MUNCH

As French CMA CGM has purchased the Singapore-based Neptune Orient Line (NOL) and with the impending merger of the two nationally owned Chinese container giants Cosco and China Shipping (CSCL), the sorely needed consolidation in the weak container market has now begun.

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