In Manhattan, Michael Webber of Wells Fargo Securities said a tie up between German compatriots Hapag-Lloyd and Hamburg Sud would probably have a positive impact on the liner market as it would pave the way for improved balance sheets and reduced counterparty risk.
“However, we note that increased operating efficiencies could cut down, to a degree, the need for incremental third party capacity (containerships and, to a lesser degree, boxes),” the equity analyst told clients Tuesday.
“We
