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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.

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