Tuesday, May 12, 2009
Tuesday, 12 May 2009
An extensive fusion of several Danish cargo shipping companies might be on its way. Moller-Maersk, DFDS, Clipper and perhaps foreign shipping companies are currently negotiating on the creation of a large North European ro-ro company. But it will take some time before a final agreement can be reached.
The information comes from seven different people, who the daily Borsen has spoken to, and who all in different ways are involved in the ambitions of creating the large Danish owned ro-ro company, sailing on short distances with the containers remaining on the trucks during service.
A.P. Moller-Maersk confirmed last week that a sales process is taking place with regard to the Group's ferry company Norfolkline. Short after, DFDS announced a message to Fondsborsen stating that the Danish shipping company was interested in buying.
A.P. Moller maersk has hired the investment bank JP Morgan to find buyers for Norfolkline. Supposedly, several foreign shipping companies and Danish Clipper have been asked if they were interested in a large merger.
"It makes good sense to create a large common shipping company", says a centrally placed source to Borsen.