Maersk Trims Cabotage, International Share Intact After CADE Approval — Panjiva
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Maersk Trims Cabotage, International Share Intact After CADE Approval

Brazil 415 Corp - Shipping 1026 Finance 118 Logistics 476 Mergers 220 Mode - Containerized 1524 Mode - Seaborne 1845

Maersk will sell 10,000 TEU of Brazilian cabotage capacity to gain approval for its Hamburg Sud acquisition in a deal with Brazil’s antitrust authority CADE. Local press reports cite MSC, NYK and COSCO as potential buyers. MSC’s market share on international routes of 18.3% would likely preclude a purchase whereas NYK and COSCO hold 2.2% and 2.0% each, Panjiva data shows. Maersk’s international business would remain intact, but may be the subject of conditions from other competition authorities internationally.

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