SPECULATION is rife that French shipping giant CMA CGM is about to buy Hamburg shortsea operator Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR).
News of the acquisition is thought to be imminent, well-placed market sources tell Lloyd's List.
But CMA CGM, the world's third largest container line, is a member of the Ocean Three alliance with United Arab Shipping and China Shipping, was unavailable for comment.
In the last few years, the Marseilles line has acquired short-sea operators such as Delmas, ANL, US Lines, CNC, Comanav and MacAndrews with a view to developing feeders for its long-haul trades.
OPDR, which operates services between northern Europe and Spain. Portugal and Morocco, fits with that strategy, said Lloyd's List.
The line, which goes back to the 19th century, owns seven ships and charters others, and recently teamed up with Containerships to operate a service between Agadir and St Petersburg.
WORLD SHIPPING
24 November 2014 - 22:35
CMA CGM appears to about to buy German short-sea operator as feeder
SPECULATION is rife that French shipping giant CMA CGM is about to buy Hamburg shortsea operator Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR).
WORLD SHIPPING
24 November 2014 - 22:35
CMA CGM appears to about to buy German short-sea operator as feeder
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