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Container Finance Ltd News

25 Oct 2018

EU Okays CMA CGM’s takeover of Containerships

European Commission’s competition regulators has approved CMA CGM acquisition of Container Finance, the holding company that controls regional container operator Containerships.CMA CGM, the world’s fourth largest carrier by capacity, agreed in June to acquire Finland-based Containerships and its logistics operations."A combination agreement between Container Finance Ltd Oy and CMA CGM, signed on 20th June 2018, has been accepted unconditionally by all relevant competition authorities meaning CMA CGM is free to take over short sea carrier Containerships," said a statement from Containerships.Upon closing the agreement, Container Finance’s entire container logistics operations including Containerships plc…

20 Jun 2018

CMA CGM to Buy Finland's Containerships

© CMA CGM

French-based CMA CGM, one of the world's largest container shipping firms, has agreed to acquire Finland's Containerships from Container Finance Ltd Oy.Terms of the deal, which is expected to close in three to six months, were not disclosed.Containerships, which recorded sales of 227 million euros ($263 million) last year, ships cargo between Finland, Russia, the Baltic States, continental Europe, the UK and Ireland as well as in the Mediterranean region between Turkey and North Africa, it said in a regulatory filing.The acquisition will add to CMA CGM's regional network in northern Europe and

28 Sep 2006

Eimskip, Containerships and Kursiu Linija form Joint Venture

Shipping and logistics company Eimskip, Lithuania's Kursiu Linija and Finnish shipping and container company Container Finance Ltd have joined forces to create a door-to-door logistics providers. The new joint-venture company Containerships Group will be based in Helsinki and will operate eleven ships on services linking east and west Europe, the Baltic States and Russia. It will be the cornerstone of a much larger alliance including the services of its parent companies. Eimskip, which earlier this year completed the purchase of Kursiu Linija, has purchased 65 per cent of Containerships Group, the shipowning and logistics arm of Finland's Container Finance Ltd. Kursiu Linija will become a subsidiary of Containerships Group.