Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
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By Mike Wackett
There are “significant obstacles” to the sale of Singapore-based Neptune Orient Lines (NOL), despite interest from Maersk Group and CMA CGM, according to Alphaliner.
After weeks of speculation, NOL finally confirmed “preliminary discussions” with the two leading liner shipping companies to sell its container line business, which it operates under the APL brand, and other assets.
NOL said it had “a duty to assess all options to maximise shareholder value”.
It added: “From time to time, NOL enters into discussions on possible combinations ...
Comment on this article
chas deller
November 11, 2015 at 7:25 pmMakes ABSOLUTE sense for CMA CGM to purchase APL/NOL rather than Maersk . It will add tremendous BCO support (APL is BCO friendly) and bring high end retail client to CMA’s portfolio
Distrait
November 24, 2015 at 2:46 pmExcept that buying losses with debts has never led very far…