Daily Briefing: CMA CGM hits 90% acquisition threshold for NOL; SIA’s India unit takes on Gulf carriers
And Brexit unexpectedly props up local property market.
French transport company CMA CGM said Monday it had achieved its goal of acquiring 90 percent of Singapore-based Neptune Orient Lines (NOL), as it seeks to cement its position as a global leader in container shipping. Read more here.
Within weeks of India easing aviation rules, Singapore Airlines Ltd.’s local venture is charting a course to take on carriers from the Middle East. It’s counting on a surge in international traffic from the world’s fastest growing major air-travel market. Read more here.
For all the damage it's doing to a fragile global economy, Brexit might have some unintended positive consequences. Among them, perhaps, a soft landing for Singapore's wobbly property market. Read more here.
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