CMA CGM can now move on compulsory acquisition of NOL

The acquisition of Singapore-based Neptune Orient Lines (NOL) by French container giant CMA CGM is almost finalized after a voluntary buyout period lapsed Monday.

Photo: PR-foto/CMA CGM

Two of Maersk's competitors within container - Hapag-Lloyd and United Arab Shipping Company (UASC) announced Monday that their impending merger had been finalized.

Tuesday sees even more consolidation in the sector poised for completion.

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