"Consolidation is not a game changer, it's the actual game"
Following a loss of at least EUR 5 billion and perhaps upwards of EUR 10 billion in 2016, the container carriers are now trying to save themselves by joining forces. This is pure survival but no recipe for profits, says Olaf Merk, shipping and port expert at OECD.
BY JACOB BREJNEBØL KNUDSEN
If juggling deficits in the billions make you queasy, stay away from container shipping.
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