CMA CGM seeks further acquisitions

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CMA CGM CTG

The French container transport giant continues with its plans to consolidate itself as one of the largest lines in the world. CMA CGM persists acquisitions derived from opportunities after its plans to merge with its German rival, Hapag Lloyd fell, says Reuters.

In recent days, particularly in the launch of its new container ship of 20,600 TEU, CMA CGM Antoine de Saint Exupery in the French port of Le Havre, CEO Radolph Saade, told Reuters that, if there was a tacit interest in the acquisition Hapag Lloyd in July 2018, however, the German line ruled out the proposal. However, a merger between the two mentioned would be unlikely to challenge fair competition laws and anti-competitive regulatory authorities.

The most recent acquisitions of CMA CGM began a year ago with NOL (Neptune Orient Lines) and later the acquisition of Mercosul Line, part of Maersk line in Brazil that had to be transferred to complete the purchase of Hamburg Sud by the Danish line .

Although future plans for possible acquisitions have not been revealed, the line persists in the search for horizontal or vertical integrations.

Finally, Saade affirms that trade between the United States and China remains constant, especially in the transpacific route. Now, if the tensions between these two countries were to escalate with new tariffs, the demand for transport could be affected.

Source WMN

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