A new DynaLines study by Netherlands-based Dynamar B.V. on the possible merger of Hapag-Lloyd and Hamburg Süd finds the combined companies “would have a lower exposure to the more challenging, but still important East-West routes and a further improved coverage of the believed more promising North-South trades.” The 14 page Hamburg Express report, released Tuesday, noted that if the two German carriers—who announced they were discussing a possible merger in De...