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CMA CGM's debt burden grows after APL acquisition

CMA CGM's debt has grown to almost USD 10 billion following the acquisition of Singapore-based APL. According to Alphaliner, close to one third of this debt will mature within the next 12 months.

Photo: PR-foto/CMA CGM

French CMA CGM, the world's third-largest container carrier, is weighed down by growing debt following the acquisition of Singapore-based carrier APL (Neptune Orient Lines, NOL).

CMA CGM's combined debt had by the end of June 2016 grown to almost USD 9.7 billion, of which one third, or around USD 3.2 billion is set to mature within the next 12 months, reports Alphaliner on the basis of the carrier's interim report, published this week.

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