To mitigate service disruptions caused by potential consolidation, APL, CMA CGM, China Shipping Container Lines and Cosco could elect to participate in more than one major alliance during a transition phase, Federal Maritime Commissioner William Doyle said last week.
14 Dec 2015
CMA CGM’s $2.4 billion acquisition of Neptune Orient Lines and the forthcoming merger between state-owned Cosco and China Shipping are unlikely to spur a fresh round of consolidation in container shipping, according to Drewry.
09 Dec 2015
The price Temasek will get for NOL from CMA CGM if the deal goes ahead is below the book value of the company, according to Alphaliner.
08 Dec 2015
CMA CGM’s plans to bring APL into the O3 Alliance once the NOL acquisition is done has put the spotlight on the G6 Alliance and what the loss of its Singapore-based member would mean.
07 Dec 2015
CMA CGM plans to bring NOL’s liner division APL into the O3 Alliance that the carrier operates in with China Shipping and United Arab Shipping Co., the France-based line’s vice chairman Rodolphe Saadé said.
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.
03 Dec 2015
CMA CGM has reportedly secured commitments from its banks to finance a planned takeover of Neptune Orient Lines, owner of ocean carrier APL.
03 Dec 2015
Acquiring container lines is rarely easy, but CMA CGM’s track record will give it a good foundation to bring Neptune Orient Lines into the fold — if the France-based carrier’s exclusive talks with the Singapore-based company lead to a deal.
02 Dec 2015
CMA CGM has until midnight on Monday, Dec. 7, to decide if it wants to bid for Singapore’s Neptune Orient Lines, but reports that the French line is seeking finance from banks for what could be a $2.2 billion purchase shows that the carrier is serious about the acquisition.
25 Nov 2015
The potential acquisition of Neptune Orient Lines by CMA CGM would mark the biggest consolidation in container shipping based on the capacity of the targeted carrier, according to Alphaliner.
22 Nov 2015
CMA CGM moved a step closer to acquiring Neptune Orient Lines after entering into an exclusivity agreement with the Singapore carrier that could see a formal offer made in early December.
16 Nov 2015
There is little prospect of a bidding war for NOL between prospective suitors Maersk Line and CMA CGM as the risks involved in acquiring a loss-making line in a weak market will lean heavily on the sale price, Drewry believes.