This is how Maersk can use an unprofitable Singapore carrier
Maersk Line could use the acquisition of Singapore-based carrier APL to renew its fleet of medium size ships and strengthen its position on the Pacific, says Lars Jensen from SeaIntelligence Consulting. But the price has to be low enough.
BY OLE ANDERSEN
When Singapore-based carrier Neptune Orient Lines (NOL) confirmed Tuesday that both Maersk Line and French CMA CGM had an interest in buying NOL's container shipping carrier APL, it caused a stir in the container industry and among shipping analysts. Since 2009, APL has been a chronically ailing company which has seen a declining market share in the carrier's most important market in the Pacific Ocean between Asia and the US.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Maersk allegedly considering NOL acquisition
For subscribers
NOL confirms acquisition talks with Maersk and CMA CGM
For subscribers
