18 May 2016 – Container Maritime transportation is one of the key sectors in the globalisation process. The peak of the growth came after China joining WTO in 2000. After several years of record growth, the industry has entered a more mature phase following the 2009 crisis. The market became more volatile and more competitive. And, in that context, a race to scale up started to take shape.
This has forced major and mid-sized ship-owners to join forces or merge. In 2016, the activity is set to pick up with 4 large operations:
- the merger of two Chinese shipping companies (Cosco and China Shipping)
- the recently-announced merger between Hapag Lloyd (Germany ) and UASC ( UAE/Qatar)
- the financial hardship of the two Korean companies: Hyundai and Hanjin
- last but not least, the acquisition by the top French and 3rd global actor CMA CGM of APL/NOL, Singapore national shipping icon
Nicolas Sartini, Group Senior Vice President, Head of Mission, CMA CGM shared with us the activities of CMA CGM in the context of container maritime industry consolidation.
For more French Chamber Maritime events, visit http://www.fccsingapore.com/committees/French-Maritime-Cluster