Mediterranean Shipping to acquire African logistics assets of Bollore Group for $6.43bn.

Mediterranean Shipping, a provider of global container shipping, agreed to acquire African logistics assets of Bollore Group, a French transportation conglomerate, for $6.43bn. The move is part of a recent trend that has seen ocean carriers and terminal operators become more vertically integrated freight transportation and logistics providers to diversify their revenue streams and offer customers holistic supply chain solutions based on variable needs. Supply chain disruptions during the pandemic have heightened cargo owners’ interest in having alternative freight transportation strategies and capabilities.