SALWA Logistics

French-based global liner company CMA CGM says it has entered into exclusive discussions with rival operator Neptune Orient Lines (NOL) and its controlling shareholder, Lentor Investments on a potential combination. The exclusivity period is expected to run until 7 December.

CMA CGM said that, “should these discussions lead to an agreement, such a combination would contribute to the consolidation of the container shipping industry, at a time when scale is more critical than ever.” it would also reinforce CMA CGM as a global force in container shipping.

October volumes up 6.3 percent at Port of Long Beach


Increased exports drove a 6.3 percent surge in cargo handling at the Port of Long Beach in October, compared with the same month last year, according to a port release.

A total of 619,983 TEUs passed through the port in October, the port said.

Exports rose 6.5 percent to 127,308 TEUs in October year-over-year, and while imports were down a bit — amounting to 307,995 TEUs — the number of empties grew 20.8 percent to 183,681.

Long Beach Port CEO Jon Slangerup said 2015 is "shaping up to be one of our best years ever."