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.
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BY OLE ANDERSEN
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.
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