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One of the defining characteristics of the history of economics and business – indeed, of civilisations – are the circles of consolidation and fragmentation that follow the rise and fall of empires.

The global container supply chain appears to be locked into an era of epic consolidation, encapsulated by the way three of the most competitive and fiercely independent carriers – Maersk, MSC and CMA CGM – appear to be prepared to put their differences to one side in an attempt ...

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