Further Consolidation in Shipping as Maersk Acquires Peer Hamburg Sud
While in principal we like today’s announced takeover of German container shipping company Hamburg Sud by Maersk, we remain cautious, given that the purchase price has not yet been disclosed. This acquisition should ultimately help to reinforce Maersk’s number-one position in the container shipping sector. With regulatory approval expected to take up to a year, however, we are not making any immediate changes to our forecasts, nor to our DKK 9,100 fair value estimate.There are certainly a lot o...
A.P. Moeller Maersk is an international shipping company. Co.'s operating segments are: Container shipping and related activities which include global container services, inland transportation, manufacturing and repair of containers and container depots, and logistics and forwarding activities; APM terminals; Tankers, offshore and other shipping activities which include tanker shipping of crude oil, oil products and gas, offshore drilling activities and operation of land rigs, supply vessel activities with anchor handling and platform supply vessels, ferry services and door-to-door transportation in Northern Europe; Oil and gas activities; Retail activity; and Shipyards and other activities.
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