A.P. Moller-Maersk agreed to buy German rival container shipping line Hamburg Süd, sending shares in the Danish shipping company up nearly 5 percent.
The deal highlights a push to toward consolidation the container shipping industry, which is grappling with low freight rates and oversupply.
It also follows Maersk's announcement in September that it would focus on transport and logistics, and spin off its energy operations.
To read the full story, please click here.