Investment bank predicts end of overcapacity
An investment bank’s equity analyst has speculated that overcapacity in the container shipping industry may be eliminated by mergers, acquisitions and alliance changes.
With the announcement of the new Ocean Alliance, merger talks between Hapag-Lloyd and UASC and the increasing chances of a merger between Hanjin and Hyundai Merchant Marine, the market share of the biggest carriers may increase.
If these mergers were to go ahead, David Kerstens, an equity analyst at Jefferies Investment Bank, estimates that the market share of the ten biggest carriers would be more than 70% of global capacity. Currently, it is around 65%.
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