French container takeover could be biggest yet

CMA CGM's potential acquisition of Singapore-based carrier NOL could set a new record in the container sector, but Alphaliner points to several financial challenges for the French carrier.

French CMA CGM's acquisition of Neptune Orient Lines (NOL) in Singapore, the parent company of container carrier APL, could become the biggest yet measured by the combined capacity operated by the carrier up for sale. In these terms, the French acquisition would surpass Maersk Line's acquisitions of both UK-Dutch P&O Nedlloyd in 2015 and US-based Sealand in 1999, according to analyst agency Alphaliner.

Combining the two container fleets would give CMA CGM a global market share of 11.5 percent. Maersk Line has a global market share of 14.7 percent, followed by Swiss MSC with 14.4 percent of the international container market. Together the three container carriers would thus control close to 40 percent of the global container market.

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