Deals
Hanjin Collapse May Hurry Shipping Consolidation, Hapag Says
- Hapag CEO rules out buying stricken South Korean company
- Short-term rate hike may help Hamburg liner in second half
Seaspan CEO: Hanjin Fallout Is Like Lehman for Shipping
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The collapse of Hanjin Shipping Co. will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry, Hapag-Lloyd AG Chief Executive Officer Rolf Habben Jansen said.
“A lot of people hadn’t expected the difficulties for Hanjin in the magnitude we have seen them,” the CEO said in an interview in Hamburg on Tuesday. “It will change behavior,” with some participants now assessing whether it might not be better to “team up,” he said.