GCTL8.com (FocusAsia Media Ltd)
HONG KONG, Dec 9 (FAM) – While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, Taiwan’s Evergreen Marine Corp., Yang Ming Marine Transport Corp. and Wan Hai Lines Ltd. have kept aloof from the fray. Six of the world’s top 15 shipping lines will vanish once current mergers and bankruptcies are complete, according to Bloomberg.
Just 12 months ago, Evergreen had Asia’s largest container fleet, and was the fifth-biggest operator worldwide. It’s now been relegated to third place in the region after tie-ups between the major Chinese and Japanese lines, and is depending on a US$1.9 billion government relief package to keep itself above water. The problem is, none of the potential love matches out there looks ideal.