HAMBURG — The collapse of Hanjin Shipping Company would probably spark fresh consolidation among container lines as they attempted to ride out the shock waves buffeting the industry, Hapag-Lloyd CEO Rolf Habben Jansen said."A lot of people hadn’t expected the difficulties for Hanjin in the magnitude we have seen them," the CEO said on Tuesday. "It will change behaviour", with some participants now assessing whether it might not be better to "team up".Germany’s No1 carrier, which has used mergers to bring down costs and counter the slump that has shaken shipping for the past eight years, does not plan to buy the Asian company nor any of its vessels, now stranded at sea and various ports across the globe.Hapag-Lloyd is completing its merger with United Arab Shipping Company (UASC), which it aims to do by the end of 2016."We better make a success of that first," the CEO said.Hanjin’s demise has disrupted global supply chains as stores in Europe and the US stock up for the Christmas sho...
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