Cosco, OOCL merger reinforces shift in carrier-shipper dynamics

Industry analyst Drewry foresees rising freight rates and narrowing shippers’ choices with news of the purchase offer for Orient Overseas International Ltd (OOIL) by…

Maersk Line to buy Hamburg Sud

Denmark-based Maersk Line announced on December 1 that it has reached an agreement to acquire German container shipping line Hamburg Sud from the Oetker…