The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R. Saadé announced during his visit in Hamburg, Germany on November 25. The closing of the transaction remains subject to the approval of the relevant regulatory authorities. OPDR, a shipping company owned by the Bernhard Schulte Group, specializes in short sea shipping and door-to-door logistics for North Europe, Canary Islands, the Iberian Peninsula and Morocco. With its more than 200 dedicated collaborators and its network of agencies, the company connects Europe, Scandinavia and North Africa. Farid T. Salem, CMA CGM Group Executive Officer, who led this acquisition, said, “This new acquisition reinforces the group’s presence on the growing intra-European short sea transportation market. This is a continuation of our strategy to broaden our regional network, a strategy which began with the acquisition of MacAndrews in 2002. As with MacAndrews, we plan on maintaining and developing the OPDR company, as well as creating new synergies with both MacAndrews and the CMA CGM Group”. OPDR operates five different services between: North Europe and the Canary Islands, Seville and the Canary Islands, North Europe, Spain, Portugal and Morocco, North Europe and Morocco, North Europe, Spain and Scandinavia.
Mediterranean Shipping Company (MSC)announced that the company now offers new direct service to West Mediterranean ports in addition to its existing North Atlantic Service. This service is being operated using five 1200 TEU capacity vessels on a weekly basis. The new service rotations are: Boston, New York, Baltimore, Charleston, Savannah, Freeport, Valencia, Naples, La Spezia and returning to Boston. "This service enhancement provides more cargo space and better transit time for
Japan's Mitsui O.S.K. Lines Ltd. has ordered three Post-Panamax container ships for delivery between March and September 2001. The three ships, to be built by Japanese shipyard Imabari Shipbuilding Co Ltd., will have a capacity of 5,500 teu. The ships would be deployed in the company's Asia-North Europe service run with partners APL and Hyundai Merchant Marine.
Hamburg Süd and Maersk Line have announced the formation of a new vessel sharing agreement. Subject to regulatory approval the two lines will establish a weekly service from Australia/New Zealand to the East Coast of North America. Twelve vessels with a nominal capacity of 2,800 TEU and a reefer plug capacity of 530 plugs will be employed. Each carrier will provide six vessels. In line with our customers' requirements the new service will offer
United Arab Shipping Company announced that the AEC1 service will start new direct calls to Jebel Ali. With that UASC would be adding a direct service from/to North Europe with competitive transit times offering 17 days from the last port in Europe and 25 days from Jebel Ali to the first port in North Europe. To that effect UASC Doha has called at Jebel Ali on May 6th and 7th, 2011. UASC remains committed to offering a wider network of fast and reliable services with highly competitive
Hamburg Süd and Seago Line to expand cooperation between North Europe and Eastern Mediterranean Hamburg 1 December 2011. With the aim of providing significantly more cost-efficient services, Hamburg Süd and Seago Line are pleased to announce that they are to enhance their cooperation in the tradebetween North Europe and Eastern Mediterranean. Both lines had responded to unfavourable market developments in this trade in August 2011 by combining their services
Hatsu Marine Ltd., has added two more post-Panamax container vessels, the Hatsu Crystal and Hatsu Smile, to its worldwide fleet. The 8,063 TEU C-type vessel Hatsu Crystal has been phased into the Evergreen Group’s CEM service where slots are allocated between Evergreen Marine Corp., Italia Marittima and Hatsu. The CEM service links China with North Europe and the Mediterranean, and is now served by an identical fleet of C-type vessels
Lauritzen Cool Logistics (LCL) the logistics subsidiary of reefer vessel owner and operator NYKLauritzenCool, provides customized multi-modal and multi-destination door-to-door logistic services for perishables and reefer cargo. After establishing in major producing and consuming areas such as Latin America, South Africa, North Europe and the USA, LCL started its expansion in the Mediterranean region in January 2005 by opening LCL Iberia in Valencia.
On July 15, the European Commission published the proposed amendments of the "sulphur directive." Ministers of the EU member states and members of European parliament will begin debates on the directive in the autumn. The proposal is based on the decision made by the International Maritime Organization IMO in 2008 to set the more stringent limits of sulphur content of the bunker fuel and emissions. The severe consequences it will cause to the North Europe have become clear
CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed its focus on economies of scale was bearing fruit. Like market leader Maersk Line, the family-owned firm has been trying to ride out overcapacity and low freight rates by using larger, more efficient ships coupled with vessel-sharing alliances. CMA CGM was finalising the order of three vessels, each with a capacity for 20
Hapag-Lloyd will open a new weekly service between North Europe and the US East Coast, the company said in its press release. The new route – to be christened AX4 – will see a weekly run from the ports of Bremerhaven, Rotterdam and Le Havre to Savannah and New York
Suez Canal Authority said it controlled a blaze in a British container ship passing the waterway Friday, leaving no human losses. An ultra-large container ship owned by Hanjin Shipping caught fire while underway just south of the Suez Canal on 1 May.
The CMA CGM Group has announced that the CMA CGM KERGUELEN, the group’s largest vessel, crossed the Suez Canal for the first time on May 2, 2015. On this occasion, the Suez Canal Authority Chairman, the Admiral Mohab Mameesh, boarded the CMA CGM KERGUELEN and completed a section of the Canal
The CMA CGM Group announced that it will launch a new container shipping offering between North America and North Europe at the end of May 2015. The group will expand its existing transatlantic services with the launch of the NEW VESPUCCI service and the addition of a new port of call in
The race is on in global maritime circles to be the “world’s first” in every aspect of environmental friendliness, particularly in regards to the incorporation of LNG as fuel onboard commercial ships. There was yet another “world first” today in South Korea at the
In a continued effort to provide quality services, CMA CGM group hereby informs of a Rate Restoration Program: Effective February 5th, 2015: From India, Pakistan and Sri Lanka ports to North Europe, Med Sea, Scandinavia, Baltic, Black Sea, North Africa, Central American
The CMA CGM Group and Hamburg Süd have reached an agreement to further enhance their cooperation, adding several new initiatives to the already existing joint services between North Europe and both East- and West coasts of South America.
United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has today appointed The Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay. This appointment is the latest milestone in UASC’s expanding
Danish liner giant Maersk Line has cut capacity by 10 percent on the trade between the east Coast of South America and Europe and the Mediterranean in response to the “steady decline” in market demand. It has decided to axe the capacity as it battles with an
Container shipping line and global carrier, United Arab Shipping Company has entered into a vessel sharing agreement with CMA CGM and Hamburg Süd to enter the North Atlantic trade. The vessel sharing agreement will see the three partner companies operate a service that links
Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,000-TEU container ships to remain the largest afloat for years to come, according to a report in JOC.
French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth in volume and significantly reduced costs. Consolidated operating revenue for the company increased by 5
South Korean shipbuilder Hanjin Heavy Industries confirmed newbuild orders Monday for three ultra-large container ships from CMA CGM. Plans for the 20,600 TEU ships were first revealed by CMA CGM last month, but the details of the order had not yet been finalized.
Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research. Drewry forecasts another year of excess growth in relation to
London-based shipping advisors Drewry Supply Chain Associates said that shipping liner operators have made significant inroads into cutting CO2 emissions. In its April Logistics Executive Briefing for Importers and Exporters, Drewry Supply Chain Advisors concludes that “overall