CMA CGM announced on 7th December that it is to acquire Neptune Orient Lines (NOL), reinforcing its position in global shipping. The proposed cash acquisition of NOL stood at SGD 1.30 per NOL share, representing a 49% premium to NOL’s share price, fully financed. 

Containerships Ltd. Oy of Helsinki, Finland, has selected London Thamesport to re-establish a direct service from and to the southern part of the UK offering regular and fast connections with Germany, Finland, Russia and the Baltic States. 

Evergreen Marine has allocated 10 vessels ordered in the summer to its Green Compass Marine subsidiary, which has signed contracts with Japan’s Imabari Shipbuilding and Taiwan’s CSBC Corp. 

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