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.

The purchase by French CMA CGM of Singapore's Orient Neptune Lines (NOL), the parent company of container carrier APL, will have great significance for the industry as a whole. Not just because the transaction opens up for consolidation in the suffering container sector, but because the price which CMA CGM is paying to Singapore's national investment company Temasek for the shares in NOL could deter others planning to exit the industry, notes Alphaliner in an analysis.

Already a subscriber?Log in here

Read the whole article

Get access for 7 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
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading