CMA CGM’s proposed acquisition of Neptune Orient Lines (NOL) would be the largest consolidation move in the sector’s history.

Based on the size of the fleet operated by the acquired company the deal would overtake Maersk Line’s takeover of P&O Nedlloyd a decade ago, says Alphaliner.

The Paris-based consultancy says NOL’s current operated fleet of 541,000-teu is larger than the 460,000-teu teu operated by P&O Nedlloyd in 2005.

However,