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09 January 2009 The on-line newspaper devoted to the world of transports 10:58 GMT+1



June 3, 2004

Shipping industry consolidation slower than other industries: Green

CONSOLIDATION is occurring in the shipping industry, albeit at a slower pace than other industries, says the new chief executive of P&O Nedlloyd, Philip Green.

"Here we [PONL] are the third or fourth biggest in the world and we have a market share of less than 10 per cent. The industry itself is still very young and very fragmented," Mr Green said during a recent interview with the Shipping Gazette ......
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