Neptune Orient Lines (NOL)

CMA CGM, which acquired NOL in 2016, declared US$350 million dividends in 1H2021, and diversified into air freight

(Apr 26): The collapse of Singapore’s water treatment firm Hyflux has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency.

SINGAPORE (July 19): Neptune Orient Lines says trading of its shares has been suspended at the close of the voluntary conditional cash offer by CMA CGM S.A.

SINGAPORE (June 29): OCBC Investment Research is ceasing coverage for Neptune Orient Lines, following CMA CGM’s intention to delist the shipping company.

SINGAPORE (June 15): CMA CGM S.A. and PSA Singapore Terminals on Wednesday announced the formation of a joint venture company, CMA CGM-PSA Lion Terminal (CPLT).

PARIS (June 13): French container shipping firm CMA CGM plans to delist Neptune Orient Lines (NOL) following its takeover of the Singaporean shipper, CMA CGM's vice chairman Rodolphe Saade told French daily Les Echos.

SINGAPORE (June 9): Singapore Exchange’s Maritime and Offshore Index, which comprises shipyard operators, shipping companies and offshore services providers, has risen 6.3% in the first six sessions of June.

SINGAPORE (May 30): Global container shipping group CMA CGM has made a voluntary conditional general offer for Neptune Orient Lines (NOL) after satisfying all the necessary pre-conditions for the deal.

SINGAPORE (May 25): CMA CGM announced on Wednesday that its proposed US$2.4 billion ($3.31 billion) acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company, has been approved by China’s anti-monopoly bureau MOFCO