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 ...
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