The opportunities for further mergers and acquisitions among Top 20 carriers are receding with each new deal, but there is still a high likelihood that a second wave involving medium-sized carriers will follow soon, according to shipping consultancy Drewry.
Carrier consolidation is moving apace with the merger of Japanese carriers NYK, MOL and K Line, which have announced the name of their merged containership entity – Ocean Network Express (ONE), scheduled to start operations on April 1, 2018.
