CMA CGM will start a new service between the Mediterranean Sea, the Caribbean, the Gulf of Mexico, Colombia and Ecuador, dubbed the Med Gulf Ecuador (MGE) service on 19 December.
The G6 Alliance will continue to operate as planned in 2016 despite planned acquisition of Neptune Orient Lines (NOL) by CMA CGM, which is expected to complete in the second half of this year.
“Scale” was the watchword from the chiefs of both parties in a joint press briefing to discuss CMA CGM’s $2.4bn buyout of Neptune Orient Lines (NOL), that will see the French container line become the largest carrier in the transpacific trade.
CMA CGM plans to delist Neptune Orient Lines (NOL) from the Singapore Exchange (SGX) in its $2.4bn takeover.
Terminal operator PSA in Singapore is set to benefit from CMA CGM’s acquisition of Neptune Orient Lines (NOL).
CMA CGM has added new calls at The Port of Salalah on its Noura Express and Europe-Pakistan-India Consortium (EPIC) services.
French container line CMA CGM has confirmed its acquisition of Singapore’s Neptune Orient Lines (NOL) with a cash offer of SGD1.30 ($0.93) per NOL share, valuing the deal at $2.4bn.
The clock is ticking down on a potential acquisition of Neptune Orient Lines (NOL) by CMA CGM with the Singapore company suspending its shares on Monday morning pending an announcement.