November 30 - In response to international business media reports that German shipping line, Hamburg Süd is for sale, industry consultant Alphaliner suggests that a high price tag could deter potential buyers.
Alphaliner says it understands that the line, which is 100 percent owned by the Oetker family, has a value of close to USD5.0 billion.
Were Hamburg Sud to be sold to another shipping line, it would be the fifth major consolidation in container shipping over the course of 12 months, following on from Cosco and China Shipping, CMA CGM and NOL/APL, Hapag-Lloyd and UASC, and the container businesses of NYK Line, Mitsui OSK Lines and "K" Line.
