GCTL8.com (FocusAsia Media Ltd)

COPENHAGEN, Nov 30 (FAM) – Maersk Line is reported to be considering a possible acquisition of fellow European container line Hamburg Süd, whose owners are believed to be considering selling pursuing the world’s seventh-largest container shipping line.

Citing “people with knowledge of the matter”, the Wall Street Journal yesterday reported that the shipping arm of Danish conglomerate A.P. Moeller-Maersk was looking to buy its German peer, a deal that “would help Maersk Line boost its presence in global trade with Latin America”.