Russia’s Fesco has reportedly entered talks that could lead to a merger with compatriot company Transcontainer.
The joint venture between the container line and the containerised rail provider could be finalised by the end of next year, JOC reports.
Fesco would not comment on the rumours when contacted by TradeWinds earlier this morning.
The talks between the two sides come against escalating speculation that Singapore’s Neptune Orient Lines (NOL) would be taken over by CMA CGM or Maersk Line.
