Analyst: Maersk could end up buying HMM

It is not just a matter of the South Koreans having done a remarkable job at the negotiation table with 2M, explains Lars Jensen, CEO and partner in SeaIntelligence Consulting, to ShippingWatch. He believes that Maersk Line is considering taking over Hyundai in the future.

Photo: Maersk Line

Seoul is likely cheering the most after it emerged that 2M partners Maersk Line and MSC are negotiating with Hyundai Merchant Marine to expand the world's largest container alliance, explains Lars Jensen, CEO and partner at SeaIntelligence Consulting, to ShippingWatch after the confirmation on Wednesday of the meeting between the three carriers about a potential Korean participation in 2M.

He points out that 2M now is the most stable of the remaining three alliances and will as such represent the best offer for HMM, its shareholders, the South Korean state, and not least the major creditor Korean Development Bank, if the talks result in an agreement.

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