Freight News, Sea

CMA in merger talks with NOL

[ November 23, 2015   //   ]

French-based global liner company CMA CGM says it has entered into exclusive discussions with rival operator Neptune Orient Lines (NOL) and its controlling shareholder, Lentor Investments on a potential combination. The exclusivity period is expected to run until 7 December.

CMA CGM said that, “should these discussions lead to an agreement, such a combination would contribute to the consolidation of the container shipping industry, at a time when scale is more critical than ever.” it would also reinforce CMA CGM as a global force in container shipping.

However, the line stressed that no agreement has yet been reached.

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