What will be the size of the largest containerships ordered by the end of this year?

10,000 TEU
12,000 TEU
15,000 TEU

July 30, 2005

CP Ships in takeover discussions

According to the Financial Times, China Shipping and France's CMA CGM are "leading the bidding for CP Ships" in a deal that could value the group at more than $1.46 billion."

Yesterday, CP Ships Limited issued a statement that said it "confirmed that it is in discussions regarding a possible transaction." It said "there is no assurance that a transaction will result from these discussions and no further comment will be forthcoming unless the situation warrants."

"As a matter of policy," said the statement, "CP Ships does not usually comment on market rumors but has issued this statement at the request of the Toronto Stock Exchange."


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