NOL an intra-Asia trade boost for CMA CGM

Singapore

THE acquisition of Neptune Orient Lines (NOL) will boost Marseille-headquartered CMA CGM's share in intra-Asia trade, sending the French shipping giant to the forefront of the world's fastest growing market in trade volume terms.

CMA CGM holds a 4 per cent share in intra-Asia trade before acquiring NOL. Citing Alphaliner and Drewry data, it said the combined entity will have a 6 per cent share and rank fourth in intra-Asia trade, which has been described as the most fragmented market in container shipping.