CMA CGM Marco Polo's sistership, enters CMA CGM’s Asia - Europe Trade. The CMA CGM Group announced that the CMA CGM Alexander Von Humboldt, second of the world's largest and state of the art containership’s series, begins its first voyage today, Friday, April 19th in Pusan, South Korea. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea, this giant of the seas, owned by CMA CGM, displays exceptional dimensions: 396 meters long, 54 meters wide, with a draft of 16 meters and sails under the U.K. flag. In line with the sustainable development policy of the Group, the CMA CGM Alexander Von Humboldt is equipped with all the latest environmental technologies. The CMA CGM Alexander Von Humboldt is the second of a series of three 16,000 TEU vessels, all to be named after great explorers. The delivery of the third vessel of the series, the CMA CGM Jules Verne, which will sail under the French flag, is expected at the beginning of May 2013. The CMA CGM Alexander Von Humboldt will be christened, Tuesday 30th May 2013 in Hamburg, in presence of her godmother, Dr. Dorothee Stapelfeldt, Second Mayor of Hamburg, Mr. Olaf Scholz, Mayor of Hamburg and Mr. Jacques R. Saadé, CMA CGM Group Chairman and Chief Executive Officer .
CMA CGM Group said that the CMA CGM Marco Polo, the world’s largest containership, began its first voyage on Wednesday, November 7, in Ningbo, China. The ship is a 16,000 TEU vessel, owned by CMA CGM, sailing under the UK flag. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea, the ship displays exceptional dimensions at 396 x 54m, with a draft of 16m. CMA CGM Marco Polo is the first of a series of three 16,000 TEU vessels, will to be named after great explorers
The 175,343 gt 'CMA CGM Marco Polo' owned by CMA CGM Group joins the UK ship register. The first in a series of three new 16,000 TEU container ships, for the CMA CGM group to serve on the Asia-Europe routes, the ship was built in Korea by Daewoo Shipbuilding & Marine Engineering Co Ltd, and is almost a quarter of a mile long. The new vessel is also designed with cutting edge technology for high levels of performance, safety and environmental protection
CMA CGM Group took delivery on July 22, in South Korea, of the CMA CGM Amerigo Vespucci (13,830 teu) built by DSME (Daewoo Shipbuilding and Marine Engineering). The second of a series of eight vessels named after the great explorers, the vessel is the sister ship of the CMA CGM Christophe Colomb and has the following dimensions: 1,197.5 ft long, 168 ft large and 50.8 ft draught. The CMA CGM Amerigo Vespucci sails under the French flag
The 'CMA CGM MARCO POLO' (16 000 TEU) christened at the Zeebrugge Container Terminal in Belgium during maiden European voyage. The ceremony was performed by 'Godmother', Mrs. Naila Saadé, President of the CMA CGM Corporate Foundation and wife of Mr. Jacques R. Saadé, CMA CGM Group Chairman and Chief Executive Officer. The new 16 000 TEU vessel, owned by CMA CGM, sails under the UK flag. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea
CMA CGM Group is pleased to announce the upgrading of its ASEA service connecting Asia, Kenya and Tanzania, effective since October 12th, 2011. The new ASEA weekly service will deploy 6 ships of 2500 TEU (4 provided by CMA CGM Group and 2 provided by Emirates Shipping Line) and will allow the Group to provideits customers with below pluses: - Direct weekly service to Kenya and Tanzania gateways - Deployment of bigger vessels
Global Ship Lease, Inc. signs new time charters with CMA CGM for two 4,113 TEU containerships. The 1996-built Ville d'Aquarius and the 1997-built Ville d'Orion will be chartered for approximately eight months at a rate of $9,962 per vessel per day, commencing upon expiration of the current time charters on September 20 and 21, 2012, respectively. The time charters for the Ville d'Aquarius and the Ville d'Orion were executed under an agreement entered into with CMA CGM
Having been involved in the relief effort since the earthquake struck Haiti, the CMA CGM Group announced that it has resumed a regular service between Port-au-Prince and Kingston in Jamaica. On February 7th, a 516 teu capacity CMA CGM feeder vessel made a call to Port-au-Prince as an extension of its Europe-Caribbean Service (ECS). A second call was made on February 15th thanks to the 400-ft long floating dock that has recently been installed at the Haiti Terminal
APL, Hyundai Merchant Marine (HMM), Mitsui O.S.K. Lines (MOL) Â¬Â¬â€“ and CMA CGM announced additional winter capacity plans for the trade between Asia and the US East Coast via Panama Canal. Late last month, the New World Alliance carriers APL, HMM and MOL announced that they would be withdrawing more capacity to the US West Coast and earlier than in previous years in the face of an unprecedented rise in operating costs â€“ particularly for fuel.
CMA CGM, the world’s third-largest container shipping line, purchases a stake in the Port of Long Beach’s Pier J. The deal will bring an additional 2.6 million container units to the Port and increase Port revenues by about $70 million over the next five years. The investment makes the Marseille, France-based ocean carrier a partner in the lease and operations of the 256-acre terminal. It also marks CMA CGM’s first investment in a port on the West Coast of North America
The CMA CGM Group announced the reshuffling of its services from Europe and Med to West Africa which will allow the Group to adapt to the market and serve the heart of Africa by Through Bill of lading (TBL) to land lock countries. Starting mid December 2013
Drewry’s analysis of ocean carriers’ latest financial results shows significant changes in cargo market shares, but how much of it is due to service differentiation is unclear. Ocean carriers’ third quarter financial results reported so far reveal that the largest
The Board of Directors of CMA CGM Group, the world’s third largest container shipping group, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the third quarter 2013.
The Federal Maritime Commission (FMC) is accepting further public comment on the P3 Network Vessel Sharing Agreement until midnight Friday, November 29, 2013. On October 24, 2013, A. P. Moller-Maersk A/S, CMA CGM S.A. and MSC Mediterranean Shipping Company, S.A
CMA CGM, a container shipping company present in 150 countries with 650 agencies and 18,000 professionals worldwide, is investing in a new Information System that they say will enable the group to develop the first system totally dedicated to container shipping.
Moody's Investors Service has upgraded CMA CGM S.A.'s corporate family rating (CFR) to B2 from B3 and the company's probability of default rating to B2-PD from B3-PD. Concurrently, the rating agency has upgraded to Caa1 (LGD5/84) from Caa2 (LGD5/80) CMA CGM's EUR325 million and $475 million worth
Although the top 12 ocean carriers in the world today look set to continue dominating the market up to at least the end of 2014, UASC’s recent newbuild order will propel it up the ladder in a startling way. United Arab Shipping Company’s confirmation last week that it has ordered
The Board of Directors of France’s CMA CGM container shipping group met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter 2013. In the second quarter
The newly-opened $500 million Chinese-built Colombo terminal is situated about mid-way on the important East/West shipping route and is claimed to have facilities on a par with Singapore and Dubai. The Colombo International Container Terminal (CICT)
Marlink has been chosen by the CMA CGM Group, the world’s third largest container shipping group, to upgrade the majority of its fleet to WaveCall, Marlink’s standardized Ku-band VSAT service. In combination with the XChange solutions platform from Astrium Services
Fugro Seastar AS announced that CMA CGM Marco Polo has been fitted with Marinestar maneuvering system to assist in berthing and navigation. The satellite aided navigation technology is based on composite GPS and GLONASS constellations and measures precise speeds at the bow and the stern together
Terminal de Contenidors de Barcelona (TCB), belonging to Grup Marítim TCB, completed handling of the ship CMA CGM Effingham from the line operated by the shipping companies CMA CGM and Maersk Line. With a total of 3,784 loading and unloading movements carried out between July 19-20
CMA CGM has backed Peel Ports’ £300m Liverpool2 development by doubling the frequency of its feeder service to the port. CMA CGM now offers twice-weekly calls in Liverpool from its hub in Le Havre, France and a new weekly call at Greenock, Scotland and Cork, Ireland
CMA CGM upgraded its Round the World Panama Direct service from a fortnightly to a weekly frequency, as of September 18, 2013. The new Panama Direct Weekly service will offer an extensive coverage of the trade with 20 ports of call.
CMA CGM would like to announce the reorganization of CMA CGM America LLC, the U.S. agent of the CMA CGM Group, headquartered in Norfolk, Virginia, with the departure of Frank Baragona, Chairman of CMA CGM America LLC. After a successful career in the shipping industry and nine years as head of