In ten years, several of the smallest container carriers will probably no longer be around, projects analyst firm SeaIntel. Over the last year, one carrier after another has taken part in mergers or acquisitions in the container industry. Take for example France's CMA CGM and its imminent takeover of Singaporean carrier APL, or Hapag-Lloyd's purchase of Chilean carrier CSAV back in 2014.
Today, consolidation is increasingly seen as an absolutely necessary tool for the container industry, which began 2016 in the worst possible way with record low rates and low demand. And this is far from a new tendency.