Ocean cargo container carriers, Hapag-Lloyd and United Arab Shipping Company (UASC), are merging strengths to be one of the top five truly global carriers in ocean shipping. UASC’s young and efficient fleet combined with Hapag-Lloyd’s diversified market coverage and wide customer base makes their union one of the most powerful carriers and according to researchers, carrier consolidation is a direct result of market saturation and is an effort to maximize profits and remain afloat in an unbalanced supply-demand equation.
