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

Fitzgerald returns to Crowley  thumbnail image

Fitzgerald returns to Crowley 

February 21 - Crowley Maritime Corporation has appointed Ray Fitzgerald as its chief operating officer, effective March 1. 
Views: 441
KENC completes engineering scope for Jumbo thumbnail image

KENC completes engineering scope for Jumbo

February 21 - The Netherlands-based KENC Engineering has collaborated with Jumbo to prepare the heavy lift vessel Fairplayer for an FPSO installation project offshore Brazil. 
Views: 384

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.