CMA CGM Confirms Partnership with PSA
CMA CGM and PSA Singapore Terminals (PSA) have confirmed that they will establish form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths in Singapore. CPLT will commence operations from the second half of this year, allowing CMA CGM and its shipping line affiliates to leverage on the port infrastructure and technologies with this latest Pasir Panjang expansion. There was no disclosed investment amount for the joint venture deal, but CPLT will be providing long-term terminal services to CMA CGM and its shipping line affiliates, both companies said. Rodolphe Saadé, Vice Chairman of CMA CGM Group: “CMA CGM is pleased to announce this important partnership with PSA.
CMA CGM to delist NOL
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. CMA CGM, the world's third-largest container shipping company, said earlier this month it holds over 78 percent of NOL shares after buying Temasek Holdings' stake in a $2.4-billion deal agreed last year. Minority shareholders can sell their shares to CMA CG until July 18. Saade said he was confident they will sell and added that as soon as CMA CGM holds 90 percent of NOL, Singapore law will oblige any remaining minority shareholders to sell, after which NOL will be delisted.
Crisis Communications Network for Shipping
Navigate Response launched at London’s Baltic Exchange. The company’s round-the-clock services are tailored specifically for the global shipping industry and focus on managing clients’ messages across a range of communications channels including mainstream and social media. The new company is chaired by internationally renowned maritime expert, Richard Sayer, and led by Mark Clark, former head of public relations and media at the UK Maritime and Coastguard Agency. The team includes leading maritime PR experts Mike Elsom and Bill Lines of sister company Navigate PR Ltd. Founded in 2004, Navigate PR provides comprehensive public relations services to a wealth of maritime businesses across a range of disciplines.
Addition to DnB NOR’s Asia Energy Team
Omar Sekkat has joined DnB NOR’s energy division at the bank’s Asian headquarters in Singapore. He comes to the role after transferring from DnB NOR in London. Mr Sekkat’s appointment as a Senior Vice President of the energy division at DnB NOR Asia takes immediate effect and his role is to contribute to the bank’s ongoing expansion in Asia Pacific within energy finance. look forward to working with my team to develop further the bank’s client base in Asia. Mr Sekkat has a strong track record stretching over several years at DnB NOR.
DnB NOR’s Asia Energy Team Adds Sekkat
Omar Sekkat has joined DnB NOR’s energy division at the bank’s Asian headquarters in Singapore. He comes to the role after transferring from DnB NOR in London. Mr Sekkat’s appointment as a Senior Vice President of the energy division at DnB NOR Asia takes immediate effect and his role is to contribute to the bank’s ongoing expansion in Asia Pacific within energy finance. Omar Sekkat said today: “It is with great anticipation that I undertake this role and I look forward to working with my team to develop further the bank’s client base in Asia.
