Maersk Cements Position As Leading Container Line With Takeover
Monday, December 13, 1999
A.P. Moeller's container line Maersk completed its $800 million takeover of U.S. CSX Corp.'s SeaLand container line, Moeller officials said. The acquisition cemented Maersk's position as the world's leading container line, with a fleet of some 250 vessels with a combined capacity of 600,000 teu.
Analysts say Maersk-SeaLand is twice as big as world number two, Evergreen Marine Corp. Ltd. of Taiwan.