Friday, November 18, 2016
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News

CMA CGM Stays in Red, Pays Back NOL Takeover Loan

PARIS, Nov 18 (Reuters) – CMA CGM, the world’s third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it...

November 18, 2016
Total Views: 5

Thursday, October 20, 2016
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Maritime News

CMA CGM Has Already Paid Down Half of NOL Takeover Loan

PARIS, Oct 20 (Reuters) – CMA CGM, the world’s third-largest container shipping firm, has already reimbursed half of a $1.6 billion bank loan taken out to fund its acquisition of...

October 20, 2016
Total Views: 2

Monday, June 27, 2016
Maritime News

CMA CGM Passes 90% Ownership Threshold in NOL

French container shipping group CMA CGM has taken full control of Singapore’s Neptune Orient Lines after crossing the 90% ownership threshold required to take the company private. CMA CGM announced...

June 27, 2016
Total Views: 8

Wednesday, June 15, 2016
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Maritime News

CMA CGM in ‘Megaship’ Terminal Tie-Up With Singapore

French shipping company CMA CGM has formed joint venture to operate and use four megaship berths in Singapore as the company looks to expand its operations in Asia’s top shipping...

June 15, 2016
Total Views: 2

Monday, June 13, 2016
News

CMA CGM to Delist NOL, But Support Singapore as Shipping Hub

PARIS, June 13 (Reuters) – French container shipping firm CMA CGM plans to delist Neptune Orient Lines (NOL) following its takeover of the Singaporean shipper, CMA CGM’s vice chairman Rodolphe...

June 13, 2016
Total Views: 2

Friday, June 10, 2016
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News

CMA CGM Takes Over at NOL

French shipping group CMA CGM has upped its stake in Singapore-listed rival NOL to 78% after NOL’s majority shareholder unloaded its shares as planned.  CMA CGM said late Thursday that former...

June 10, 2016
Total Views: 4

Monday, June 6, 2016
Maritime News

CMA CGM Makes All-Cash Offer to Buy NOL

French container shipping company CMA CGM has launched an all-cash offer for all outstanding shares of Singapore-listed Neptune Orient Lines. The offer price is SGD 1.30 in cash per NOL...

June 6, 2016
Total Views: 4

Wednesday, May 25, 2016
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News

China Approval Paves Way for CMA CGM Takeover of NOL

PARIS, May 25 (Reuters) – CMA CGM, the world’s third-largest container shipping firm, is to go ahead with its planned acquisition of Singapore’s Neptune Orient Lines (NOL) after receiving regulatory...

May 25, 2016
Total Views: 2

Tuesday, December 15, 2015
News

NOL/APL… a missed opportunity for Maersk?

By Alessandro Pasetti (TheLoadstar) This month, Singapore container shipping line Neptune Orient Lines finally agreed to be acquired by France’s CMA CGM in a cash deal that values its equity...

December 15, 2015
Total Views: 2

Thursday, December 10, 2015
Maritime News

CMA CGM Chiefs Eye ‘Significant’ Operational Synergies in Plan for Integrating APL

By Mike Wackett,  (The Loadstar) On the assumption that CMA CGM’s acquisition of NOL receives the approval of anti-trust authorities next year, senior executives are drafting integration plans for the two...

December 10, 2015
Total Views: 3

Tuesday, December 8, 2015
Maritime News

Neptune Orient Lines Sale Boosts Singapore’s Hub Ambitions

By Kyunghee Park and Joyce Koh (Bloomberg) — CMA CGM SA’s S$3.38 billion ($2.4 billion) takeover of Neptune Orient Lines Ltd. offers two advantages for Singapore: It allows state investment...

December 8, 2015
Total Views: 1

Monday, December 7, 2015
Maritime News

CMA CGM Cements Shipping Status with $2.4 Billion NOL Deal

By Saeed Azhar, Rujun Shen and Gus Trompiz PARIS/SINGAPORE, Dec 7 (Reuters) – French container shipping giant CMA CGM is to buy Singapore’s Neptune Orient Lines for $2.4 billion, making...

December 7, 2015
Total Views: 1

Sunday, December 6, 2015
Maritime News

CMA CGM Set to Buy Majority Stake in NOL -Source

SINGAPORE, Dec 7 (Reuters) – France’s CMA CGM is set to buy a stake of almost 67 percent in Neptune Orient Lines from Singapore state investor Temasek Holdings, a source...

December 6, 2015
Total Views: 0

News

NOL Suspends Shares as M&A Talks Enter Final Day

SINGAPORE, Dec 7 (Reuters) – Shares of Singapore’s Neptune Orient Lines Ltd (NOL) were suspended on Monday as talks between French shipping giant CMA CGM SA to acquire NOL from...

December 6, 2015
Total Views: 1

Wednesday, December 2, 2015
Maritime News

CMA CGM Said to Seek Financing for Neptune Orient Takeover

By Joyce Koh (Bloomberg) — CMA CGM SA, the world’s No. 3 container shipping company, is in talks with lenders to finance its potential takeover bid for Singapore’s Neptune Orient...

December 2, 2015
Total Views: 1