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NOL shares jump on CMA CGM exclusive takeover talks

Shares in Singapore-listed Neptune Orient Lines (NOL) jumped nearly 6% on Monday following news at the weekend that it was in exclusive takeover discussions with CMA CGM.

Marcus Hand, Editor

November 23, 2015

1 Min Read
Kalyakan - stock.adobe.com

NOL’s shares were trading at SGD1.185 on Monday afternoon up 5.8%. CMA CGM has signed an exclusivity agreement with NOL’s main shareholder Lentor Investments, owned by Temasek Holdings, with a deadline for a deal by the end of 7 December.

CMA CGM is the world’s largest container line with an 8.8% market share in terms of capacity according to Alphaliner, while NOL’s liner brand APL has a 2.7% market share.

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APLCMA CGM

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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