Shipping Container Suppliers Abandon $987 Million Deal After US Probe

Shipping Container Suppliers Abandon $987 Million Deal After US Probe
Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt, on July 7, 2021. Amr Abdallah Dalsh/Reuters
Reuters
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WASHINGTON —Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges.

China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP Moeller —Maersk’s refrigerated containers maker for $987.3 million.