GUIDED by event after the Hapag-Lloyd-CSAV merger, London's Loadstar looked into the crystal call to see what might be gleaned from the very different circumstances thrown up in the merger of CMA CGM and NOL.
"The ownership structures of the APL and CMA CGM fleets are quite different ?while the Marseilles group charters-in some 66 per cent of its vessels, APL's chartered tonnage amounts to just 26 per cent," said Loadstar.
CMA CGM employs 22,000 staff in 655 offices around the world, while NOL has 7,400 in 180. NOL chief executive Ng Yat Chung said there would be redundancies, but CMA CGM had agreed to honour NOL's severance packages.
According to Alphaliner's latest carrier league table, the combined fleet of CMA CGM and NOL's APL container arm, would equate to 563 vessels for 2.32 million TEU, after adding APL's 538,590 TEU capacity.
It said the enlarged CMA CGM would have a global capacity share of 11.4 per cent cementing third-place behind MSC's 2.7 million TEU for 13.4 per cent market share and Maersk Line's three million TEU for 14.7 per cent.
Alphaliner noted that APL's fleet count did not include four owned 13,892-TEU ships that have been chartered-out to its G6 partner MOL for redelivery in 2017. These ships, it said, would add to CMA CGM's orderbook of vessels due to be delivered over the next two years.
Loadstar felt CMA CGM's desire to take APL out of the G6 alliance and have it join Ocean 3 might be a problem as G6 had a rule about giving a year's notice before quitting the alliance.
But Loadstar went on to speculate that given the circumstances both the G6 partners and APL, now bundled with CMA CGM, could well find the separation to their mutual advantage.
WORLD SHIPPING
11 December 2015 - 22:35
CMA CGM-NOL merger: Taking a look at basic facts and what might be
GUIDED by event after the Hapag-Lloyd-CSAV merger, London's Loadstar looked into the crystal call to see what might be gleaned from the very different circumstances thrown up in the merger of CMA CGM and NOL.
WORLD SHIPPING
11 December 2015 - 22:35
CMA CGM-NOL merger: Taking a look at basic facts and what might be
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