Following a tumultuous 2016, shipping lines have embarked on a series of mergers and alliance-building activities to shore up their finances, improve efficiency and tackle oversupply in the industry. William Bennett, Senior Analyst at VesselsValue gives us the top five consolidated container fleets and looks at their domination of the market.
The recent announcement of Maersk's plans to purchase Hamburg Süd marks the latest twist in this tale of consolidation and follows other mergers such as those between Hapag-Lloyd and UASC, and Nippon Yusen, Mitsui O.S.K Lines and K-Line.
