By air and by sea, CMA CGM expands freight business - THE EDGE SINGAPORE

Offshore & Marine

By air and by sea, CMA CGM expands freight business

CMA CGM, which acquired NOL in 2016, declared US$350 million dividends in 1H2021, and diversified into air freight

Broker's Calls

OCBC ceasing coverage of NOL

SINGAPORE (June 29): OCBC Investment Research is ceasing coverage for Neptune Orient Lines, following CMA CGM’s intention to delist the shipping company.

CMA CGM crosses 90% ownership threshold of NOL, to proceed with compulsory acquisition and delisting

SINGAPORE (June 28): CMA CGM S.A. announced that its ownership of Neptune Orient Lines has exceeded 90%.
E.I. du Pont de Nemours and Co. (DuPont)

DuPont and Medtronic to open Singapore regional HQs

SINGAPORE (June 16): US-listed E.I. du Pont de Nemours and Co. and Medtronic PLC are among companies opening up Asia-Pacific regional headquarters in Singapore.
PSA port

CMA CGM and PSA in JV for four berths at Pasir Panjang Terminal

SINGAPORE (June 15): CMA CGM S.A. and PSA Singapore Terminals on Wednesday announced the formation of a joint venture company, CMA CGM-PSA Lion Terminal (CPLT).

CMA CGM to delist NOL, move traffic from Malaysia: report

PARIS (June 13): 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 Saade told French daily Les Echos.

Cosco Corp wins contract to build 4 container vessels

SINGAPORE (June 1): Cosco Corporation Singapore announced that its 51% subsidiary Cosco Zhoushan Shipyard Co had been awarded a contract to build four 3,300 TEU container vessels for an undisclosed price.

CMA CGM makes voluntary conditional general offer for NOL after fulfilling pre-conditions

SINGAPORE (May 30): Global container shipping group CMA CGM has made a voluntary conditional general offer for Neptune Orient Lines (NOL) after satisfying all the necessary pre-conditions for the deal.

CMA CGM edges towards NOL acquisition; UOB says likelihood of higher offer ‘slim’

SINGAPORE (May 25): CMA CGM announced on Wednesday that its proposed US$2.4 billion ($3.31 billion) acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company, has been approved by China’s anti-monopoly bureau MOFCO