Lars Jensen: Merger is just one more step towards consolidation

The merger between Hapag-Lloyd and United Arab Shipping Company is just one more step on the path towards consolidation in the container industry. None of the major carriers have achieved the necessary size, states Lars Jensen, CEO of Seaintelligence Consulting.

Photo: PR-foto/Hapag-Lloyd

It makes good sense for Hapag-Lloyd and United Arab Shipping Company (UASC) to join forces and create a major German-Arab carrier.

Not least because size seems to be a crucial factor in surviving on the container market in coming years where overcapacity will continue to push down freight rates.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Further reading

Related articles

Latest news

See all jobs