CMA CGM now owns over 5% of takeover target Neptune Orient Lines (NOL).

CMA CGM reported a small decline in net profit for 2015, and says its planned acquisition of Neptune Orient Lines (NOL) is progressing in line with expectations.

CMA CGM acquisition target Neptune Orient Lines (NOL) plunged $77m into the red in the fourth quarter, losing $181m for 2015 as whole, excluding a one-time gain from the sale of APL Logistics.

Pacific International Lines (PIL) will enhance its Africa-Middle East-India (AMI) trade from March, a service to be jointly operated with CMA CGM under a new vessel sharing agreement.

The EU has ruled that container lines cannot be make general rate increases (GRIs) more than 31 days in advance, with companies bound by the maximum rate level for period of announcement.

CMA CGM has upgraded its service to the French West Indies, connecting them with Zeebrugge and Rotterdam each week and replacing current 2,200teu capacity vessels with 2,800 teu.

Shipping will remain “volatile and uncertain” in 2016 thanks to unpredictable Chinese demand and a complex geopolitical picture elsewhere, according to shipping adviser Moore Stephens.

Port of Marseille Fos is to install the world’s two largest quay cranes at its Fos 2XL container facility next year, signalling its intention to return to “the major league” of global box terminals, port authority officials told a visiting press...

The CMA CGM Benjamin Franklin has become the largest containership to ever call in North America.

CMA CGM is slowly building a stake in Neptune Orient Lines (NOL) for less than the price pre share it has offered in a planned takeover deal.