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?