ShippingWatch

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.

The formalities have yet to be settled, but numerous factors indicate that France's CMA CGM will be able to acquire Singapore-based Neptune Orient Lines (NOL).

With the takeover, CMA CGM will, in any case, take a big step closer to the industry's number one and two, Maersk Line and MSC, respectively, thus cementing its position as one of the big three. At the same time, the French carrier will distance itself from Hapag-Lloyd, ranked fourth in terms of capacity.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs