ShippingWatch

Neptune Orient Lines NOL

The NOL Group is a global company with core business in container shipping.The NOL Group's business offerings are delivered through its core business: APL. NOL has about 7,400 staff across over 80 countries, and transports,each year, a volume of about 3 million forty-foot equivalent units (FEU) worldwide.

CMA CGM suffers big setback in second quarter

France's CMA CGM lost nearly one fifth of its revenue in the second quarter, which triggered a negative operating result as well as a bottom line deficit, according to the interim report from the world's third-largest container carrier.

CMA CGM is now ready to take over NOL

CMA CGM now owns so many shares in Neptune Orient Lines (NOL) that the company can take ownership of the Singapore-based carrier through a compulsory acquisition, which is expected to take around one month.

CMA CGM er nu klar til at overtage NOL

CMA CGM ejer nu så mange aktier i Neptune Orient Lines (NOL), at selskabet kan overtage ejerskabet af det Singapore-baserede rederi ved en tvangsindløsning. Tvangsindlløsningen ventes at tage omkring en måned.

NOL appoints new top executive team

Neptune Orient Lines has appointed a new CEO and new CFO, while CMA CGM's Rodolphe Saadé (photo, right) has taken over as new Chairman of the Singapore-based carrier's Board of Directors.

NOL-boss efter salg: Vi ændrede os ikke hurtigt nok

Neptune Orient Lines (NOL) reagerede for langsomt, da tingene ændrede sig til det værre på containermarkedet, siger den afgående topchef Ng Yat Chung. Han glæder sig over, at rederiet har fundet en sikker havn i fusionen med franske CMA CGM.

CMA CGM logs USD 100 million loss

French container giant CMA CGM booked a big deficit in the first three months of 2016, and the carrier is now rolling out a cost reduction plan totaling USD one billion, according to the first quarter interim report.

CMA CGM makes offer to secure EU approval NOL purchase

The French container carrier is ready to enter into a compromise with the EU to get the carrier's acquisition of Singapore-based Neptune Orient Lines (NOL) approved, writes Reuters. The move could see NOL pulled from alliances.

Tilbud fra CMA CGM skal sikre EUs ja til opkøb af NOL

Det franske containerrederi CMA CGM er klar til at indgå et kompromis med EU for at få godkendt rederiets opkøb af Singapore-baserede Neptune Orient Lines (NOL), skriver Reuters. Det kan koste NOLs deltagelse i alliancer.

Standard & Poor's lowers CMA CGM for NOL acquisition

French carrier CMA CGM, the world's third largest container carrier, will see its profits squeezed over the next two years, just as liquidity will be tight in the coming months, projects Standard & Poor's, which has lowered the carrier's credit rating. The acquisition of NOL is cited as one reason.

French acquisition could deter new container exits

CMA CGM's purchase of Singapore's Neptune Orient Lines (NOL) comes with a significant discount on the carrier's vessels and containers, which according to Alphaliner could discourage others from exiting the struggling container sector.

Container acquisition will lead to alliance reshuffle

CMA CGM's imminent acquisition of NOL raises questions about the composition of the industry alliances as the two carriers belong to two different alliances. More changes in the pipeline after a future Chinese merger.

CMA CGM bids USD 2.4 billion for NOL

On Monday the French container carrier announced its takeover bid for a controlling stake in Singapore-based carrier Neptune Orient Lines (NOL), reports Bloomberg.

CMA CGM negotiating loan for acquisition

The French carrier is in talks with lenders including BNP Paribas, HSBC Holdings and JPMorgan Chase to secure funds for backing a bid on Neptune Orient Line, reports Bloomberg.

Consolidation wave to challenge Maersk Line's key trades

A French acquisition and major Chinese mergers will soon give Maersk Line a run for its money on the huge routes between Asia and Europe, while a strong rival alliance will dominate the Pacific Ocean between Asia and the US, according to SeaIntel.

Rumors boost container company on Singapore Exchange

The rumors of a sale are gaining momentum in regards to the shipping company Neptune Orient Lines which is behind the world's 12th largest container carrier APL and this Monday, the NOL stock is increasing dramtically.

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