Ggs News

The CMA CGM Group completed today the sale of a 90% equity interest in Global Gateway South terminal (GSS) in Los Angeles (United States) to EQT Infrastructure III (EQT Infrastructure) and its partner P5 Infrastructure (P5), for an Enterprise Value of USD 875 million. Consequently, CMA CGM received a cash consideration of about USD 820 million that may be completed according to the terms announced last July. CMA CGM will remain a minority shareholder with 10% of the GGS terminal and will continue to be a major user of the facility. The disposal of GGS enables CMA CGM to strengthen its financial structure in line with the plan communicated at the time of NOL’s acquisition in June 2016.

As the Trans-Pacific trading season heats up, APL today launched the new Eagle GO Guaranteed product. A first-of-its-kind ocean freight guarantee, it promises equipment and vessel space on board all APL’s North America-destined services that directly call Shanghai, Ningbo and Yantian in China; as well as Cai Mep in Vietnam. “APL’s Eagle GO Guaranteed seeks to address the concerns of equipment and vessel space shortages as the Trans-Pacific trading season goes full steam. It guarantees priority shipments on APL services, allowing shippers to optimally capitalise on the year-end holiday shopping season,“ said Jesper Stenbak, APL Senior Vice President of Trans-Pacific Trade. Eagle GO Guaranteed is applicable to 20 APL US-bound services from four Asian ports.

APL today announced the launch of Eagle Guaranteed, a promise of day-definite arrival of shipment on the Eagle Express (EX1) service via  the Global Gateway South (GGS) Terminal in Los Angeles to the rail yards of Chicago, Columbus, Dallas, El Paso, Kansas City and Memphis in the Americas. With the specific arrival date for the designated inland destinations set upon booking with APL, shippers are offered a solution to best manage their supply chain cycle. “APL is excited to introduce Eagle Guaranteed as one of our value-added services. It guarantees our customers day-definite arrival of their full container loads at various inland locations in the Americas, offering them superior speed-to-market.

APL, part of the CMA CGM Group, received the 2016 Quest for Quality Award for its outstanding performance in the transportation and logistics industry in Orlando, Florida, USA. Ranked amongst the top 10 Ocean Carriers by Logistics Management, APL outperformed the average weighted scores for the attribute categories of On-time Performance, Information Technology, Customer Service as well as Equipment and Operations. APL Chief Commercial Officer, Thomas Cassuto said, “The accolade is an important measure of customer satisfaction and performance excellence rated by APL’s customers. APL’s commitment for excellence goes beyond the reliable transportation of cargoes from origin to destination. Upholding schedule integrity stays on top of APL’s priorities.

In response to requests from clients and the shipping public for quicker transit times to the Red Sea, Gulf and the Middle East markets, MSC Mediterranean Shipping Company announced a rotation change on its GGS USAEC / Far East service, which had previously sailed via the Cape of Good Hope, but will now sail through the Suez Canal and call at Jeddah, Saudi Arabia, thereby substantially reducing transit times. This will be a non-stop direct service from the United States to Jeddah. This service will also provide onward connections via Jeddah to all major ports in the Red Sea, Jebel Ali and all other Gulf and Middle East ports, using MSC Mediterranean Shipping Company's dedicated feeder vessels.

APL - the global container shipping line - introduced active RFID technology to its Southern California marine terminal in an important innovation that will speed up cargo container processing. By introducing Real Time Locating System technology at its Global Gateway South (GGS) terminal, APL can reduce by as much as half a day or more the amount of time it takes to track a container in the yard and prepare it for transport. This not only improves terminal efficiency but, more importantly, helps improve on-time cargo delivery to customers. The innovation at GGS comes hard on the heels of the launch last week of an RFID test centre in Singapore - an initiative by NOL in partnership with Sun-Microsystems designed to evaluate RFID applications in a 'live' supply-chain environment.

GGS ASA has been awarded two 2D contracts offshore Oman and the UAE. The contracts are subject to technical & HSE audit. GGS will use the vessel Odin Explorer for the job. The company considers this to be an important milestone in expanding its business beyond Iran to become a leading geophysical company in the whole Middle East region. The 2D contract, which is a first for GGS, is scheduled to commence late third quarter 2001, and is valued between 1 and $1.5 milllion. At present the company is also into the second month of collecting several 3D contract surveys, which together represent a backlog of more than $20 million. This work is being undertaken with the six streamer vessel Laurentian, and is expected to be finished 1st or 2nd quarter 2002.