G6 Alliance to Maintain Service Structure through 2016
Container shippers of the G6 alliance intend to maintain current service structure and operate as aligned through 2016, following news of CMA-CGM’s potential takeover of Neptune Orient Lines (NOL) announced earlier this week.
Singapore-based NOL, parent company G6 member APL, said it will continue to operate as normal as its acquisition remains subject to regulatory approvals expected in the later part of next year.
Other G6 Alliance members include Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL).
Upon its acquisition of NOL, CMA CGM said it plans for APL to join the Ocean 3 alliance along with United Arab Shipping Company (UASC) and China Shipping Container Line (CSCL), who under parent company China Shipping Group Co, meanwhile is due to merge with China Ocean Shipping (Group) Company (COSCO).