Marseille (France), May 25, 2016 - CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received today confirmation that its pending acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company (SGX: N03), has been cleared by the Anti-monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM).
CMA CGM, a leading worldwide shipping Group, is pleased to announce the launch of the new Baltic Levant Express service, starting May, 9th. Unique and innovative, it offers a direct connection between Saint Petersburg and the Eastern Mediterranean region and provides some of the market’s best transit times.
Marseille (France), April 29, 2016 - CMA CGM, a global leader in container shipping, today announces that it has received approval from the European Commission for its pending acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company (SGX: N03). The proposed transaction was notified to the European Commission on March 8, 2016 and was cleared today following a Phase 1 review, under the condition of NOL’s exit from the G6 shipping alliance, which has been already committed by NOL and CMA CGM.