Greg Miller
Thursday, April 7, 2022
$4.2B shipping ‘mega-merger’ would create ‘supersized tanker behemoth’
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
16 companies control 80% of the world’s liner shipping, container production and box-leasing capacity
“We’re built for this,” said Williamson. “LTL carriers cannot perform at 98%.”
To remain competitive in the marketplace, shippers need to adapt.
Circle 8 is GlobalTranz’s ninth acquisition since January 2017.
Valuations will stay high and capital is readily accessible, bringing both sellers and buyers to market.
The combined brokerage expects to do $200 million in revenue this year.
Strong rates and healthy economic fundamentals will pose opportunities and challenges for trucking mergers & acquisitions in 2018.