CMA CGM’s acquisition of Neptune Orient Lines (NOL) may have come at a heavy price, freight rate tracker Xeneta said in a report.
Patrick Berglund, chief executive of Xeneta, questions if the French company has bitten off more than it can chew, as it has not been able to sell NOL’s container terminals yet.
CMA CGM has been working on integrating NOL after a $2.4bn
