The takeover Neptune Orient Lines (NOL) by CMA CGM moved a major step closer at the weekend with the two companies entering into an exclusivity agreement.

Singapore’s Neptune Orient Lines (NOL) has confirmed that it is in “preliminary discussions” with France’s CMA CGM and Denmark’s AP Moller-Maersk with respect to a potential acquisition deal.

DNV GL unveiled an LNG-powered, electric turbined powered mega-containership, which would have a box capacity, at Gastech 2015 in Singapore on Tuesday.

CMA CGM reports that French President François Hollande last week christened its new 18,000 teu flagship the CMA CGM Bougainville, largest containership ever to fly the French flag, at a special ceremony held in Le Havre.  

CMA CGM and its Ocean Three partners are merging its FAL 2 and 3 services into a new service following declining Asia-Europe demand.

A consortium of two French companies, CMA CGM and Bolloré Africa Logistics, and China’s China Harbour Engineering Co, have won the concession to operate the 1.4m teu Kribi container terminal in Cameroon.

The world’s third largest container line, CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015.

The CMA CGM Group is upgrading its EURAF 4 service, bringing improvements to its West Africa offering.

A “mega-class” 20,000 teu vessel under construction at Hanjin for capacity-hungry CMA CGM will be fitted with a low-speed Wärtsilä X92 two-stroke engine, delivered by Wärtsilä jv company Winterthur Gas & Diesel (WinGD).

The European Commission has approved CMA CGM's acquisition of short sea transport company OPDR.