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Report indicates CMA-CGM proposes a merger with Hapag-Lloyd

A Reuters report published this week indicated there may be further consolidation on the high seas, with Marseilles, France-based CMA CGM, the third largest global ocean cargo carrier, having made an “exploratory approach” regarding potentially merging with Hamburg, Germany-based Hapag-Lloyd. The Reuters report, which cited three finance sources, said that this pairing would be in…