CMA CGM and Orient Overseas Container Line (OOCL) are rivals but they agree on one thing — consolidation is good for the containership industry.
“For the past 10 years not a lot has happened, but all of a sudden we have seen Hapag-Lloyd merge with CSAV and then USAC, while we ourselves have merged with Neptune Orient Lines [NOL],” CMA CGM director and NOL chief financial officer Serge Corbel told delegates at the Marine Money conference in Singapore.
“I
