marine link image

German Regulators Probe Sale of Maersk Container Maker to China's CIMC

December 9, 2021

© VanderWolf Images / Adobe Stock
© VanderWolf Images / Adobe Stock

Germany's Federal Cartel Office is taking a closer look into the planned sale of Maersk's refrigerated containers maker to China International Marine Containers, a spokesman for the office said on Thursday.

The office has opened an investigation into the effects the takeover of Maersk Container Industry by CIMC could have on the affected markets, it said.

The Danish shipping company signed an agreement to divest its container manufacturer to CIMC in September for $987.3 million.

However, regulatory authorities still need to approve the plans. Until then, the companies remain separate.


(Reporting by Matthias Inverardi, Writing by Miranda Murray; Editing by Kirsten Donovan)

Logistics News

Kuwaiti Tanker Ablaze in Dubai Port

Kuwaiti Tanker Ablaze in Dubai Port

Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal

Titan Clean Fuels and TURN2X Agree e-Methane Supply Deal

Livestock Still Being Sent to War Zones

Livestock Still Being Sent to War Zones

Ammonia, Fertilizer Trade Threatened by Strait of Hormuz Conflict

Ammonia, Fertilizer Trade Threatened by Strait of Hormuz Conflict

Subscribe for Maritime Logistics Professional E‑News

China Southern will return to profitability in 2025, after five years of losses
Spain shuts down airspace for US planes involved with Iran war, Defence Minister says
South Korea is considering nationwide driving restrictions as oil prices rise