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NOL confirms acquisition talks with Maersk and CMA CGM

Neptune Orient Lines, which is struggling with massive deficits, has confirmed that the carrier is in preliminary negotiations with both Maersk and French CMA CGM about a potential takeover. 

Maersk Group is in talks to acquire Singapore-based carrier Neptune Orient Lines (NOL).

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CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

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