The hulking container ships that transport sneakers, bananas and barbie dolls around the world keep getting bigger. So are the companies that own them. A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis — the bankruptcy of South Korea’s Hanjin Shipping. Asia’s largest container line, China’s Cosco Shipping Holdings, last month said it would pay more than $6 billion for rival Orient Overseas ...
Tech firms ramp up NAFTA lobbying on eve of trade talks
Trump disbands biz councils after CEOs exit over Charlottesville response
World's shipping firms are going super-sized
A massive consolidation is underway in the $500 billion global industry
Kyunghee Park | Bloomberg Last Updated at August 17, 2017 02:29 IST
First Published: Thu, August 17 2017. 02:29 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (bloomberg.com).