CMA CGM, the world's third largest container carrier behind Maersk Line and MSC, is willing to offer a range of concessions in order to secure approval from the EU's competitions authorities for its large-scale acquisition of Singapore-based Neptune Orient Line (NOL).
To allay the policy concerns of the competition authorities concerning the USD 2.4 billion acquisition, CMA CGM has allegedly agreed to pull NOL out of competing shipping alliances, writes Reuters, citing sources familiar with the matter.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
South Korea's three major yards have nearly achieved 2022 order targets
The three major shipbuilding groups in South Korea are close to reaching their full-year targets for new orders. The development is driven by a series of orders in one segment in particular.
Aramco profit surges to another record on bumper oil market
The state Saudi Arabian oil giant posts another major profit in a market with elevated crude prices and ”healthy” demand.
"The challenges we face as an industry require more skills and competencies"
They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.
Leading shippers prepared to pay 10% extra for sustainable transportation
Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.
Eagle Bulk maintains optimistic outlook despite economic headwind
In spite of negative world economy signals and surging inflation, Eagle Bulk CEO Gary Vogel holds on to his positive expectations for the dry bulk market.
Bunker Trader - Copenhagen 
Experienced Bunker Trader - Tønsberg/Oslo 
Operations Controller – Weco Tankers 
Head of Airfreight 
Senior Associate – Group Strategy Office 
Legal secretary for Shipping / Offshore / Transportation 
Assistant Fleet Superintendent 
Operations Manager for B-Gas A/S in Copenhagen 
Logistics coordinator with responsibility for our shipping activities 
A lawyer (chief consultant) is wanted for People & Culture