TUI comments on market rumours
| Service |
Hanover, August 19, 2005
The worldwide container shipping industry is in a phase of consolidation and concentration. The takeover of P&O Nedlloyd by Maersk Sealand which was cleared by the cartel authorities only recently has accelerated this process.
Against this background, TUI and Hapag-Lloyd have discussions with other container shipping companies on a regular basis, including CP Ships.
No decisions have been taken so far. There is no certainty as to whether these discussions will lead to alliances or transactions in the near future or later on.