The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
16 companies control 80% of the world’s liner shipping, container production and box-leasing capacity
“We’re built for this,” said Williamson. “LTL carriers cannot perform at 98%.”
To remain competitive in the marketplace, shippers need to adapt.
Circle 8 is GlobalTranz’s ninth acquisition since January 2017.
Valuations will stay high and capital is readily accessible, bringing both sellers and buyers to market.
The combined brokerage expects to do $200 million in revenue this year.
Strong rates and healthy economic fundamentals will pose opportunities and challenges for trucking mergers & acquisitions in 2018.
