Hits:Updated:2016-05-24 15:05:32【Print】
2016 may be the year of integration and mergers in the shipping industry, and will be the first to kick off the merger and acquisition of COSCO Group.
Recently, Tom Behrens-Sorensen, vice president of Odense Maritime Technology, pointed out when discussing the prospects of the container shipping industry at the Asian Logistics and Shipping Conference held in Hong Kong, that next year will be a key year for liner companies to integrate with each other and form a container shipping alliance. China Shipping's merger project.
Tom Behrens-Sorensen added that the benefits of mergers between shipping companies have traditionally been national, making the market still relatively fragmented. However, considering that both COSCO and China Shipping are state-owned enterprises, in fact this merger is expected to have a positive impact on the market. He announced that 2016 will be the year of consolidation and mergers in the shipping industry, and will kick off the merger and acquisition of COSCO Group. Driven by market forces, other shipping companies will also successively achieve mergers and acquisitions. Among them, the potential challenges mainly come from regulators, while taking into account the adaptation of corporate culture and the lack of financial leverage due to the slowdown in the development of the shipping industry.
When talking about other popular merger and acquisition companies, Thomas Soderberg, general manager of Tribini Capital, said that at present, people in the industry are more interested in the merger and acquisition project of American President Line, because it is also closely related to the port operations of other liner companies. Considering the business losses of the acquiree and its slightly outdated fleet, the advantages of acquiring the President of the United States for shipping companies are not obvious enough. While acquiring a large but operating loss-making liner company may not seem like the best option for industry players, acquiring the company would gain trade routes and cascading benefits on the U.S. West Coast, making it attractive to potential buyers force.
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