Subscribe to RSS feedBig-ticket box line mergers unlikely
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Lloyd's List
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Jan 27, 2012 01:08 PM
Box lines will not be drawn into a fresh round of mergers and acquisitions despite weak freight rates driving them deep into the red, says shipping analyst Drewry.
Neil Dekker, Drewry’s head of container research, doubts whether any carriers have the appetite for large-scale takeovers after recent negative experiences.
Mr Dekker recalled that the last major takeovers, when AP Moller-Maersk bought P&O Nedlloyd and Hapag-Lloyd purchased CP Ships, “left...
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