You are here

Maersk targeting Hanjin and Hyundai in new acquisition strategy

Wednesday, September 28, 2016 - 05:50

BT_20160928_DNSHIP28SFC6_2514456.jpg
Maersk currently ranks third in Trans-Pacific trade, where it ships 8 per cent. Buying Hanjin and Hyundai would double its market share on that route.

Copenhagen

AP Moeller-Maersk A/S's container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea's two biggest shipping firms, according to Jefferies International Ltd.

Hanjin Shipping Co last

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom