M&A radar: HHLA gets its taste of Singapore sling with Cosco buy
HHLA-Cosco: listen to this carefully
There was good news and bad news as Europe’s largest ocean gateway reported its half-year figures this week.
The upside is that the port of Rotterdam’s market share in the Hamburg-Le Havre range grew by 0.3% to 38.3%, but there was a 3% decline in goods handled.
“We need to embrace the changing economic environment and anticipate further changes,” said Port of Rotterdam Authority chief executive Allard Castelein.
He forecast that Rotterdam’s volumes would not decline dramatically in the remaining months of this year.
Mr ...
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