Ocean Carriers

APL to Acquire Sister Company CNC to Bolster Intra-Asia Services

APL to Acquire Sister Company CNC to Bolster Intra-Asia Services
Logistics Manager

The world’s third-largest container transportation and shipping company, American President Lines Ltd. (APL) recently announced the proposed acquisition of the book of business of their sister company, the leading Intra-Asia carrier, Cheng Lie Navigation (CNC).

Upon the completion of the acquisition, APL will consolidate all their Intra-Asia business under the CNC brand to be operated from Singapore, keeping both sales channels and all sales networks.

Chief Executive Officer for APL, Nicolas Sartini said, “This strategic move will enable us to become the Intra-Asia Champion with the most comprehensive market connectivity in the Far East. With complementary market footprints, the combined portfolio of services is set to shore-up our relevance in the economically-thriving Asia through the CNC brand ahead.”

They are currently 15 APL and 50 CNC weekly services that serve the strategic key markets from North Asia to Southeast Asia along the Far East corridor. The combining of the networks will complement each other and provide one the most comprehensive networks in Intra-Asia.

CNC has substantial foothold throughout Asia that includes Cambodia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand, and Vietnam.

Mr. Sartini went on to say, “We have ambitious volume targets and market development plans for Intra-Asia that we will seek organically and via strategic acquisitions. As the Intra-Asia specialist, we will continue to customize our portfolio of services according to shippers’ demand and where the markets will shift tomorrow.”

More in Ocean Carriers

CMA CGM Group Launch New Corporate Website and Upgrade their Business Website

CMA CGM Group Launch New Corporate Website and Upgrade their Business Website

Logistics ManagerJanuary 14, 2019
A.P. Moller – Maersk Enhances their Asia-Europe Network

A.P. Moller – Maersk Enhances their Asia-Europe Network

Logistics ManagerJanuary 14, 2019

ONE Thailand Achieved One Million TEUs of Container Shipments

Chatchaya JianswatvatanaJanuary 7, 2019
SITC Holds Naming & Delivery Ceremony for M/V "SITC SENDAI"

SITC Holds Naming & Delivery Ceremony for M/V “SITC SENDAI”

Danny GillDecember 19, 2018
CMA CGM Receive Lloyd’s List Environment Award

CMA CGM Receive Lloyd’s List Environment Award

Logistics ManagerDecember 18, 2018
CMA CGM Sign Landmark Agreement with Freightos to Advance Digitization

CMA CGM Sign Landmark Agreement with Freightos to Advance Digitization

Logistics ManagerDecember 18, 2018
CMA CGM Awarded Most Accomplished Asia Pacific Ship Owner

CMA CGM Awarded Most Accomplished Asia Pacific Ship Owner

Logistics ManagerNovember 29, 2018

CEVA Logistics and CMA CGM Develop Strategic Partnership to Accelerate Growth

Logistics ManagerNovember 29, 2018
Kuehne + Nagel Upgrade Sea Explorer for All Container Shipping Liner Services

Kuehne + Nagel Upgrade Sea Explorer for All Container Shipping Liner Services

Logistics ManagerNovember 19, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version