Carriers impose surcharges as congestion builds on Europe's inland waterways
Congestion through northern Europe’s inland waterways increased again this week, with delays into Rotterdam almost ...
© Nightman1965
By Alex Lennane
Following Maersk’s recent announcement that it will grow through acquisitions, rather than organically, in an attempt to stem additional capacity, speculation is mounting over who is first in line. According to a Jeffries analyst, most likely are financially troubled Hanjin and its compatriot Hyundai Merchant Marine. While it seems unlikely Maersk would want much to do with bankrupt Hanjin, the line still does have some ships – some $1.4bn-worth. Jeffries believes the Danish company is most likely to take on assets from the two South Korean shipping lines. But in all likelihood, Maersk is probably looking carefully at every and any option in this distressed industry.
Comment on this article