Saturday, November 7, 2015
CMA CGM TO BUY APL / NOL
CMA CGM to buy APL / NOL. With the two China carriers, consolidating that means two less lines. Likelihood of two more lines disappearing is strong. Interesting why CMA CGM would buy APL/NOL. Assets have little value, especially since APL has no mega ships. Maybe to get more into BCO business as compared to OTIs they normally sell to?