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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Analysis: Maersk's deep pockets make all the difference

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Chinese container merger is a Christmas bonus for 2M

Maersk downgrades 2015 expectations

Here are the details behind China's mega-merger

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs