The Hanjin shipping collapse continues to have wide reaching reverberatiosn throughout the industry. At the weekend, A.P. Moller-Maersk Group announced it would be aquiring Hamburg Süd - Germanys national carrier line and the 7th Largest in the world.
Terms were not detailed and more announcements are expected in the new year but estimates have the purchase at approximately USD4 Billion.
The purchase sees a further 130 container vessels and 625 000 TEU capacity added to the already largest container fleet in the world. Maersks announcement is in line with their strategy of aquisions for market share growth as opposed to commissioning more vessels in an over-capacity industry.
With the Danish giant consolidating their position, according to their official press release they now have a capacity of around 3.8 million TEU (3.1 million TEU) and an 18.6% (15.7%) global capacity share.
This news follows on from the 3 way merge between Mitsui OSK Lines, NYK and K-Line announced in early November to created an as yet unnamed new company.Back to news list
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