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APL to exit G6 in bid to ease EU antitrust concerns

French containerline CMA CGM is willing to make concessions in order win over the European Union’s antitrust approval for its $2.4bn takeover of Singapore’s Neptune Orient Lines, Reuters reports.

Without revealing its sources, Reuters said CMA CGM would remove APL, NOL’s containerline, from the G6 alliance when it completes the takeover.

EU competition authorities will rule on the takeover by the end of April.

Members of the G6 alliance have repeatedly said that there will be no changes in membership this year.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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