Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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By Mike Wackett
As long as due diligence doesn’t uncover nasty surprises and the buyer is able to stump up the asking price, CMA CGM’s purchase of NOL and its APL container arm would represent the largest acquisition in liner shipping history, in terms of capacity.
According to Alphaliner, APL’s fleet of 541,000 teu pips the 460,000 teu operated by P&O Nedlloyd when it was acquired by Maersk in 2005 – although APL’s global capacity share is currently 2.6% compared with the 5.5% of ...
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Distrait
November 25, 2015 at 3:16 pmAnother scenario could be after Yildirim leaving that Temasek invest in his share and then take control of CMA-CGM to bundle it with NOL/APL…
There is anyway a recurrent maledidiction for french companies that have tried to take over US brands (remember Vivendi / Universal or Renault / Jeep disasters)
Mike Wackett
November 25, 2015 at 4:06 pmI like the reverse takeover thinking Distrait – you may have something there!
Distrait
November 26, 2015 at 11:17 amForgot adding ALCATEL / LUCENT to this list
French and US are best friends because worst business partners