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.
Maersk CEO expects further consolidation of container industry
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.