Friday, 01 December 2017 12:27

Consolidation of container lines continues

487 containership

 

The acquisition of Hamburg Süd by Maersk Line closed this week after receiving the last of the final regulatory approval required.  Maersk has reportedly agreed with regulatory bodies in China and Korea to withdraw or limit Hamburg Süd activities on certain trade routes and limit vessel sharing agreements in the first five years. A total of 105 Hamburg Süd vessels will be integrated into the fleet of Maersk Line, growing Maersk’s fleet to a total of 772 vessels and maintaining its position as the world's largest container carrier.


This week Hapag-Lloyd also announced that they have completed the integration of United Arab Shipping Company (UASC) six months after embarking on the merger.  Now with a fleet of 215 modern container ships, offering 125 liner services in a global network, Hapag-Lloyd secures the fifth place position for largest liner shipping company in the world.  


CMA CGM Group is merging two of its subsidiaries MacAndrews and OPDR, to strengthen its multimodal and short-sea shipping services in Europe.  The merged company will be headquartered in Hamburg and will have 595 employees, as employment in each entity will be maintained. The company currently sits in second place with a fleet of 471 vessels.

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