The Business Times
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Asia shipping firms mull mergers amid bleak 2017

Region's container lines are facing a prolonged trade slowdown and depressed freight rates

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Published Wed, Jan 4, 2017 · 09:50 PM

Singapore

SWIM or sink: That is the message shipping executives in Asia are taking into the New Year.

Faced with a prolonged trade slowdown and depressed freight rates, the region's container lines are set for further consolidation after a year that has seen the collapse of South Korea's Hanjin Shipping Co, a mega merger among Japanese rivals and the sale of Singapore's shipping flagship.

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