Let’s talk mergers and acquisitions….
Maersk is proceeding with the merger of Hamburg-Sud, who had already taken over CCNI in 2015.
Hapag-Lloyd expects to have United Arab Shipping Company fully integrated into their operations by the fourth quarter of this year.
CMA-CGM has assimilated APL/NOL into their operational network.
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K-Line, NYK and MOL’s joint venture Ocean Network Express (ONE) is clearing regulatory hurdles and is on track for operations to begin in April 2018.
Fresh on the heels of last year’s COSCO and China Shipping merger, there are persistent rumors of COSCO taking over or merging with OOCL.
We will keep you posted as all these changes, and future mergers, take hold.