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Maersk CEO expects further consolidation of container industry

The container industry will see more takeovers over the coming years. Soren Skou, CEO of AP Moller - Maersk expects five or six players to remain in a market that had 20 players just two years ago. This was said by the CEO in an interview with the Financial Times

In the last two years eight out of 20 container shipping companies have been taken over or have gone bust. Maersk Line took over Hamburg Süd, Hapag-Lloyd took over two competitors, CMA CGM took over NOL and there were various fusions between Japanese and Chinese shipping companies. The South Korean Hanjin folded last year. "I expect the sector to see further consolidation. In ten years there will be just five or six companies left," according to Soren Skou.

Publication date: 8/16/2017


 


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