CMA CGM Issues Statement to Thwart Rumors

(Press Release)
Friday, October 07, 2011

Responding to information circulating, CMA CGM Group states that it has no short term plans to either purchase or long-term charter-in any vessels.
The Group has a modern fleet of 408 ships, of which 92 are owned, that enable it to meet the current needs of its customers and provide them with end-to-end service around the world. In today’s economic environment, CMA CGM’s priorities are to reduce its debt and to strengthen its financial position.
Looking beyond 2013 and in line with its long-term commitment to driving continuous improvement in fleet efficiency, the Group is looking at various charter projects with a number of shipyards and financial partners.
While CMA CGM will pursue these non-binding discussions over the next few months, it has no intention to reach an agreement in the near future.

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