Tag Archives: mergers

CMA CGM to acquire NOL for $2.4b, bring APL into Ocean3 Alliance

Posted on December 7, 2015 by | Leave a comment

Another example of supply chain integration in the ocean shipping – port arena. And more on the merger saga for 2015-2016.

American Shipper

Source: CMA CGM to acquire NOL for $2.4b, bring APL into Ocean3 Alliance | AS Daily Newsletter | AS Daily | American Shipper

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Posted in Logistics, Ports, Shipping, Supply Chains

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France’s CMA CGM Favorite in NOL Bid

Posted on November 17, 2015 by | Leave a comment

Updated 2015 11 22

Now it is an exclusive with CMA/CGM.

American Shipper

Source: NEWS FLASH: NOL enters exclusive acquisition talks with CMA CGM | AS Daily Newsletter | AS Daily | American Shipper

 

More gossip about the takeover of NOL.

Shipper Neptune Orient Lines was trading 6.6% higher at $1.135 a share, outperforming the broader index’s 0.8% gain, following news overnight that CMA CGM SA, the French container transportation and shipping company, is emerging as an early favorite to buy the company.

Source: France’s CMA CGM Tipped as Favorite in Neptune Orient Lines Bid – Supply Chain 24/7

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Posted in Managerial Econ, Ports, Shipping, Strategy, Supply Chains

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Neptune Orient Lines for Sale

Posted on November 9, 2015 by | Leave a comment

More consolidation in container shipping. Must not be very profitable.

Longshore and Shipping News Logo

http://www.longshoreshippingnews.com/2015/07/hapag-lloyd-ipo-nol-sale-reports-fuel-merger-speculation/

Wall Street Journal Logo

Singapore state-investment company Temasek Holdings has put its struggling $1.7 billion container-shipping company, Neptune Orient Lines, up for sale.

Source: Temasek Puts Neptune Orient Lines Up for Sale – WSJ

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Posted in Logistics, Shipping

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