Growing pushback against more liner consolidation a threat to Hapag-Zim deal

Forwarders have backed the objections of Brazilian authorities and Israeli legislators in questioning the looming Hapag-Lloyd acquisition of Zim – pushback against more consolidation within liner shipping. Having seen its board and shareholders vote overwhelmingly (97. 3%) in favour of the sale to the German half of the Gemini Cooperation in May, Zim has seen growing opposition to the $4. 5bn deal – authorities in Brazil the latest to step in. Brazil’s Administrative Council ...