Mergers and Acquisitions in the Container Shipping Industry since 2014
Mergers and Acquisitions in the Container Shipping Industry since 2014
Mid 2014: Hamburg Süd took over CCNI (Compañía Chilena de Navegación Interoceánica) for 160 million USD;
December 2014: merger between Hapag-Lloyd and CSAV (Companía Sud Americana de Vapores) completed;
Late 2015: NOL/APL and CMA CGM agreed on the sale of APL container division to CMA CGM;
Early 2016: China Shipping and Cosco merged their activities to form China Cosco Shipping Group;
Mid 2016: Hapag-Lloyd and UASC announced their intention to merge;
Late 2016: NYK Line, MOL, and K-Line merged to form a Japanese container carrier ONE (Ocean Network Express). ONE effectively started operations in April 2018;
Early 2017: Hanjin formally declared bankrupt;
Early 2017: Maersk Line started the process of taking over Hamburg-Sud (take-over cleared by EC in April 2017 – take-over finalized in Autumn 2017);
