Box lines – billions ready to burn in market share fights
…rather than M&A
This intriguing new phase of terminal alliances appears to be gathering steam rather quickly. Drewry’s Neil Davidson has been talking about it for a number of months, and the recent deal signed between two Miami operators is a first example. But the memorandum of understanding signed between CMA CGM’s Terminal Holding and Cosco Shipping Ports (as the unit formerly known as Cocos Pacific has been renamed) could well be paradigm-forming, given the obvious synergies from two alliance partners teaming. Although it will mean some interesting decisions will need to made – which terminal, for example, will be the priority in Rotterdam, where CAM CGM holds a stake in the Rotterdam World Gateway and Cosco owns part of the Euromax terminal?
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