CASE COMMENTS: MERGERS – EUROPEAN UNION – SHIPPING – REMEDIES – WITHDRAWAL FROM CONSORTIA

Shipping: The European Commission clears a merger between two European container liner shipping companies subject to the target’s withdrawal from several consortia (Maersk Line/HSDG)

On 10 April 2017, the European Commission approved the acquisition of German container liner shipping company known as Hamburg Süd or HSDG by Danish group Maersk Line A/S (the decision was made publicly available a year later). Maersk is the largest container shipping company in the world while the target was the ninth largest global market player. The Commission cleared this deal subject to Hamburg Süd’s withdrawal from five consortia active on various trade routes. Even though it went through several waves of consolidation, container-shipping industry remains relatively fragmented on a global level: pre-transaction the top-5 largest carriers jointly accounted for less than 60% of the world’s total fleet capacity. To optimise the use of their capacity, shipping companies cooperate

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Ianis Girgenson, Shipping: The European Commission clears a merger between two European container liner shipping companies subject to the target’s withdrawal from several consortia (Maersk Line/HSDG), 10 April 2018, Concurrences Review N° 3-2018, Art. N° 87701, pp. 136-137

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