CMA CGM Monday closed its all-cash offer for Neptune Orient Lines.
27 Jun 2016
CMA CGM will delist its shares of NOL on the Singapore stock exchange after crossing the 90 percent ownership threshold.
14 Jun 2016
CMA CGM named a new CEO and CFO for NOL.
09 Jun 2016
CMA CGM takes yet another major step toward its NOL acquisition.
06 Jun 2016
French container line launches all-cash offer for NOL shares.
30 May 2016
Another week, another step closer for CMA CGM toward acquiring NOL.
25 May 2016
Chinese regulators have approved the French line's takeover of NOL.
06 May 2016
“The difficult market condition is prompting consolidation and changes in alliances in the industry. While APL continues to make progress in taking out costs and improving yield, the proposed acquisition of APL by CMA CGM will help APL achieve scale to stay competitive in the industry,” NOL Group President and CEO Ng Yat Chung said.
29 Apr 2016
CMA CGM, the third-largest global container line, got the go-ahead on Friday from the European Union to acquire Neptune Orient Lines, the parent company of APL, but with one condition.
23 Feb 2016
Neptune Orient Lines posted a $707 million net profit for 2015 as the sale of its logistics unit lifted annual earnings by $888 million, but collapsing freight rates in the fourth quarter and falling volumes hit the liner business hard.
16 Dec 2015
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.
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