CMA CGM takes yet another major step toward its NOL acquisition.
07 Dec 2015
CMA CGM has made a $2.4 billion cash offer for Singapore’s Neptune Orient Lines in a transaction that will proceed once anti-trust approval has been received from authorities in the EU, the U.S. and in China, which is expected in mid-2016.
26 Nov 2015
CMA CGM said it is upgrading its New Europe Mascarene Oceania service by adding new port calls, starting in early December.
26 Nov 2015
Singapore will extend its block exemption order for liner shipping agreements for another five years until December 2020, the Ministry of Trade and Industry has announced.
12 Oct 2015
Singapore’s Ministry of Transport and terminal operator PSA Corporation are planning to develop a container truck system that will boost port productivity by increasing the flow of boxes within the port and across the city-state’s streets.
26 Aug 2015
CEVA Logistics is developing its global consolidation operations and less-than-container-load services, and has announced the launching of a weekly LCL offering from Singapore to New York.
27 Jul 2015
Singapore’s Temasek may be interested in offloading some of its underperforming companies such as NOL, but there is no pressing need for the immense state investor to do it on the cheap through a distressed sale, Drewry says.
22 Jul 2015
Hutchison Port Holdings Trust recorded a 26 percent fall in net profit in the first half as revenue remained virtually flat and container volumes at its South China terminals rose just 2 percent compared to the first six months of last year.
21 Jul 2015
The buyer of Neptune Orient Lines (NOL) will have to turn around a chronically unprofitable company with few attractive assets, is the blunt assessment of shipping analyst Alphaliner.
20 Jul 2015
A notice to the Singapore Exchange by Neptune Orient Lines stating that it had not decided to sell has hardly closed the door on the topic.