Comment / Supply chain radar: CMA CGM in, Cosco out, as the container shipping lines flirt with M&A...

By Alessandro Pasetti

23/04/2019

…and Singapore-based Pacific International Lines (PIL) – a target worth up to $4.5bn, based on my estimates – could well be the next ocean carrier moving the consolidation needle, as I recently argued.

While Israel’s ZIM Integrated Shipping Services flirts with technology and, indirectly, with its Danish partner in the 2M Alliance, Maersk, my recent PIL coverage had a trade source strongly questioning whether China’s Cosco Shipping Holdings could actually be the most reliable and likely buyer for PIL.

As a reminder, the ...

Comment on this article

You must be logged in to post a comment.

Topics

CMA CGM Cosco Shipping Holdings Pacific International Lines France windfall tax

Most read news

DSV and K+N see margins squeezed hard in third quarter

Carriers may have 'overshot' on capacity and will need to blank more sailings

Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N

Freight rates on major ocean trades out of India continue to slide

MSC ship first in line for delays with Montreal dockers set for Sunday strike

Trump second term would pose a 'destructive risk to the container market'

Four arrested in Poland following claims Russia shipped explosive parcels

Red Sea crisis proving 'a boom period' for feeder operators

Final defendant in Polar Air Cargo case pleads guilty before trial begins

Could this five-in-one collapsible container finally be the game-changer?

Surprise meets Virgin Atlantic Cargo's 'bizarre' daily cargo flight to Brussels

Harim would submit new bid if HMM came up for sale again

Asia Pacific airfreight market on the up, despite manufacturing slowdown

US lines: Where is all the sales talent in freight forwarding?

CMA CGM braces for an even greater financial hit from French windfall tax

Jacob David joins Etihad Cargo to lead product innovation