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With the United Arab Shipping Company to negotiate with Lloyd
According to the Reuters reported that Herb Roth (Hapag-Lloyd) and United Arab Shipping Company (UASC) are on the merger to discuss, consolidate the two sides of the shipping business.
Hapag Lloyd did not explain to discuss details, said may not lead to success, but if successful merger of two shipping companies, value of the group will reach 80 billion euros ($90 million).
United Arab Shipping Company headquartered in Kuwait, the Gulf States and Qatar, Arabia holds a majority stake. The company has not commented on this.
A message means: "the current rate of pressure is very large, the shipping companies are considering consolidation."
"Herb Roth on the merger of the demand is particularly large, because Herb Roth did not participate in the new formation of the shipping alliance, to reduce its competitiveness, route coverage may not be comprehensive."
But for United Arab Shipping Company, the benefits of the merger may not be quite attractive.
Sources: "although the current market pressure is big, but the Hapag Lloyd still need to hard labor, for United Arab shipping company is owned by the state. Moreover, if the merger is successful, Lloyd benefit more."
The shipping company merger wave continued, earlier French CMA CGM shipping company completed the acquisition of Singapore nol group. COSCO Group also merged with cscl.
In addition, shipping companies also set up shipping alliances to reduce costs, as well as increase the destination. CMA-CGM earlier formed the "ocean alliance" and 3 shipping companies, more than the capacity of the 2M alliance.
Maersk, chief commercial officer Vincent CLERC says Maersk, mediterranean shipping is composed of 2m Union will not be affected by the new shipping alliances effect.
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