DSV – two tuck-ins and one 'ego play'
Looking past the side dishes
The competitive landscape for non-operating containership owners is currently fascinating. Business has gone so well this year that there seems to be a widespread conviction that nothing can go wrong for the major players, while strategic deals of a certain size are unlikely to happen anytime soon.
However, as latent recessionary forces continue to gather pace, I couldn’t refrain from running the numbers supporting a unique combination, after learning that a takeover of Greece’s Costamare by Vancouver-based shipowner Seaspan was “not an ...
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