News / EC clears CMA CGM bid to buy APL, but it must withdraw carrier from G6 alliance

29/04/2016

The European Commission’s competition directorate has cleared CMA CGM’s acquisition of Singapore line APL and its parent company, NOL – with the proviso that it withdraws APL from the G6 alliance.

Competition commissioner Margrethe Vestager said: “Container liner shipping plays a central role in global trade, so competition in this sector is essential for businesses and consumers in the EU.

“Today’s decision ensures that the takeover will not lead to price increases for the many EU companies using these container shipping services.”

The commission ...