CMA CGM Monday closed its all-cash offer for Neptune Orient Lines.
18 Jul 2016
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.
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.
10 Nov 2015
Difficulties in estimating Neptune Orient Lines’ valuation, its unprofitability and the steady loss of market share by its APL container division will make a proposed sale of the Singapore-listed company no easy task.
09 Nov 2015
Acquiring Neptune Orient Lines would enable either Maersk Line or CMA CGM to strengthen their trans-Pacific business and mitigate each’s weakness in the Asia-Europe trade lane, according to a shipping analyst.
06 Nov 2015
CMA CGM declined to comment on reports it is in advanced negotiations to acquire Neptune Orient Lines, the Singapore-listed owner of ocean carrier APL.
28 Oct 2015
APL has agreed to pay $9.8 million to the U.S. government to resolve allegations that the carrier misrepresented its ability to track containerized military shipments from Pakistan to Afghanistan.
30 Jul 2015
Low Asia-Europe spot rates have forced NOL Group to renegotiate contract rates with some shippers.
30 Jul 2015
LONDON – NOL Group swung to a net profit of $890 million in the second quarter from a $54 million loss a year ago, almost entirely due to the gain from the sale of APL Logistics to Japan’s Kintetsu World Express.
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.
16 Jul 2015
Reports in the past twenty four hours that Hapag-Lloyd has hired investment banks to advise on an initial public offering and the Singapore government is selling its majority stake in Neptune Orient Lines have refuelled speculation of a merger between the two ocean carriers.
01 Apr 2015
Orient Overseas International Ltd.'s announcement that it will spend almost $1 billion on the purchase of six 20,000-TEU ships has put an end to speculation that the Hong Kong-listed line was interested in acquiring troubled APL from Neptune Orient Lines.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.
17 Feb 2015
The decision by Japan state postal service to takeover regional logistics operator Toll Holdings for $5.07 billion is the second mega-logistics acquisition involving Japanese companies in as many days, and another exceptional price.
17 Feb 2015
Neptune Orient Lines has sold APL Logistics to Kintetsu World Express for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million.
31 Oct 2014
NOL Group today reported a third-quarter net loss of $23 million but managed to reduce its core earnings before taxes by 31 percent through cost management and efficiency that have delivered $290 million in savings so far this year.
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