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PUBLISHER: The Load Star (www.theloadstar.com)

Shipping lines’ “cushy liquidity” helped double M&A deal value in the container port sector last year, with more vertical consolidation on the way in 2022.

According to a new report by Ocean Shipping Consultants (OSC), 2021’s supply chain fragility meant “most logistics companies with spot rate services yielded a solid financial performance”.

The bolstered earnings drove vertical capacity acquisition and triggered an “M&A jostle for supply chain dominance between ports and shipping lines”, OSC said.

It added: “Terminal operators and shipping lines acquire vertically to preserve bargaining power over each other. We expect shipping line spending on ports and inland transport companies to gather steam in 2022.”

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