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Maersk to buy German shipping line Hamburg Sud
Published Thu, Dec 1, 2016 · 09:50 PM
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Copenhagen
AP MOLLER-MAERSK has agreed to buy German rival container shipping line Hamburg Süd, sending shares in the Danish shipping company up nearly 5 per cent.
The deal highlights a push towards consolidation in the container shipping industry, which has been grappling with low freight rates and oversupply.
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