Latest news from Heavy Lift & Project Forwarding International Magazine

Report shows consolidation impact

December 7 - A recent report by VesselsValue gives a clear indication of the impact that container line consolidation is having on the total box ship fleet.

Following on from Maersk announcing its intention to buy Hamburg Sud,VesselValue's senior analyst William Bennett has put together a report on the top consolidated container fleets and says that currently these top five fleets are worth USD33.4 billion and account for 33 percent of the entire container fleet.

The report states that the Moller Maersk, Hamburg Sud merger has the largest share of the fleet at 9.7 percent with a value of USD9.9 billion, followed by China Cosco Holdings at 6.9 percent (and a value of USD7.0 billion. The CMA CGM and APL merger covers 6.0 percent (USD 6.0 billion), whilst the Hapag Lloyd, UASC and CSAV consolidation represents a further 5.3 percent (USD5.4 billion). MOL, NYK Line and "K" Line's share of the fleet is 5.2 percent (USD5.1 billion).

VesselsValue, a company that provides data used by the world's leading commercial and investment banks, private equity, investment and hedge funds, shipowners and operators, lawyers, accountants, brokers, underwriters and more, says that the total number of vessels involved in the five most recent container line mergers is 911.


www.vesselsvalue.com

Heavy Lift | News

Bilbao gains Norwegian connection thumbnail image

Bilbao gains Norwegian connection

October 22 - Finnlines, part of the Grimaldi Group, has added a port call in Norway to its Biscay service between Bilbao, Spain and St. Petersburg, Russia. 
Views: 204
Scot Explorer launched in Hoogezand thumbnail image

Scot Explorer launched in Hoogezand

October 22 - Scotline Marine Holdings’ 4,800 dwt vessel Scot Explorer has been christened and launched at the Royal Bodewes Shipyard in Hoogezand, the Netherlands.
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Wangfoong rescue on track thumbnail image

Wangfoong rescue on track

October 22 - Wangfoong Transportation has been involved in a complex salvage operation in Hong Kong, where it helped to recover three derailed trains.
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