Maersk targeting Hanjin and Hyundai in new acquisition strategy
Wed, Sep 28, 2016 - 5:50 AM
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.
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.