News / Bad news for Port Klang as CMA CGM signs up for container terminal JV with PSA at Singapore

Singapore port

© Anekoho

By Gavin van Marle

08/06/2016

After its acquisition of APL, French shipping line CMA CGM is expected to also sign a joint-venture agreement to develop a new hub at Singapore with the port’s operator, PSA.

The move was indicated last year with CMA CGM’s original takeover offer, accompanied by a series of mollifying comments from vice-chairman Rodolphe Saade to Singaporeans clearly worried about their jobs.

He said: “We understand the sensitivity of selling NOL and we have committed to establishing a regional office in Singapore; and we will significantly increase ...

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Jason
June 12, 2016 at 8:20 am
Pkl and maersks tanjung pelapas are awful. Huge delays word of warning do not use maersk at peak period we had 6-8 weeks of roll overs last year Dec- Jan
A total of 1052 FeUs rolled for over 3 weeks continuously .
Apl s Singapore looks a much safer option.

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Topics

CMA CGM Cosco Pacific COSCOCS Evergreen OOCL Port Klang PSA Singapore Takeover Talk Tanjung Pelepas Transhipment Tactics

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