The merger between Hapag-Lloyd and United Arab Shipping Company will form the fifth largest shipping line in the world. This deal will provide access to larger vessels that will result in lower transportation costs per container as well as afford a capacity of roughly 1.6 million TEUs. The merger will increase Hapag-Lloyd’s global market share to 7% which will increase its lead between weaker competitors. Additional details: http://www.joc.com/maritime-news/container-lines/hapag-lloyd/hapag-lloyd-shareholders-approve-uasc-merger_20160826.html