Cma Cgm News

16 Jan 2019

Ocean Alliance Unveils Day 3 Product

Pic: CMA CGM

The world’s largest operational agreement between shipping companies Ocean Alliance -CMA CGM, COSCO SHIPPING, Evergreen and OOCL - has announced the launch of their Ocean Alliance Day 3 Product starting April 2019."Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, signs with his partners the launch of Ocean Alliance Day 3 Product, which will start in April 2019," said a press release from the shipping group.On the occasion of this announcement, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

15 Jan 2019

Agricool: When a Container Box Comes Ashore

Photo: Agricool/CMA CGM

Containers get a Second Life in the Agriculture Sector.‘Green’ initiatives continue to sweep the globe, with companies such as #Agricool leading the way with its plan to  revolutionize urban agriculture while giving containers a second life.Enter CMA CGM Group, one of the world’s largest containershipping companies, which is supporting Agricool not only with recycled containers, but also investing in the company and sharing its experience in logistics with the sapling company as is matures and enters its industrialization phase.What is Agricool?Founded in 2015 in Paris…

10 Jan 2019

CMA CGM's First Vessel Dedicated to the French West Indies Delivered

CMA CGM Fort de France (Photo: CMA CGM)

The CMA CGM Group has announced it has taken delivery of the CMA CGM Fort de France, the first of an order for four container ships dedicated to the French West Indies.With a capacity of 3,500 TEUs (Twenty-foot equivalent units) and a length of 219 meters, the CMA CGM Fort de France stands out by its draft which is adapted to the West Indies ports. It is also equipped with a large number of plugs for refrigerated containers (“Reefers”) which allow the transport in optimal conditions of perishable goods such as bananas…

02 Jan 2019

CMA CGM Improves NOURA Service

Map: CMA CGM

CMA CGM announced the service improvement connecting Middle East to East Africa, in the effort to maintain a high service reliability and punctuality with our lead product NOURA service.Effective from M/V CMA CGM MANET voyage Jebel Ali  today (January 3), direct product with a comprehensive coverage of East Africa and Indian Ocean markets, Noura service will benefit of a 6th sister ship of 2,200 TEU to address the recurrent port congestion.Mombasa is added in the port coverage to permit significant service improvement for Asia cargo bound to Somalia and transiting via Kenya hub, said a press n

24 Dec 2018

CMA CGM Takes Delivery of First LNG-Powered Vessel

Photo: CMA CGM

The CMA CGM Group, a leading shipping group, has announced its subsidiary Containerships, an expert in Intra-Europe which it acquired in October, took delivery on December 12th of its first container ship powered by liquefied natural gas (LNG), the Containerships Nord.With Containerships, the CMA CGM Group reasserts its ambition for LNGThe 1,400-TEU (Twenty-foot Equivalent Unit) Containerships Nord  is the first of an order for four LNG-powered container ships. The following vessels…

14 Dec 2018

Containerships Receives First LNG-powered Boxship

M/S Containerships Nord photographed during her sea trials in November. Photo: Containerships

Multimodal transporter Containerships Plc announced the delivery of its first LNG-powered container vessel, M/S Containerships Nord. She was delivered to Containerships at Wenchong Shipyard, China, on 12.12.2018.A press release from the Finland-headquartered shortsea specialist said that its LNG-story started in 2013, when the decision to build the new environmentally-friendly LNG-powered vessels was taken.LNG is a relatively new fuel source, and these vessels would be the first newbuilds based on this technology to serve regularly European ports and trade…

11 Dec 2018

Global Ship Lease Sings TC with CMA CGM

Image: CMA CGM

UK-based containership lessor Global Ship Lease (GSL) has agreed five-year charters with CMA CGM for the 2015-built, 6,882 TEU containerships UASC Bubiyan and UASC Yas.The containership charter owner said in a release that the new charters, which are in addition to the four similar charters announced on November 9, 2018, will commence upon the expiry of the current charters during the second quarter of 2019, are for a period of five years and are at a rate of $25,910 per day, up from $20…

05 Dec 2018

120 LNG Newbuilds Currently Under Construction

The Dunkerque LNG terminal receives its first LNG cargo. Pic: EDF

Dunkerque LNG SAS, which constructs and operates liquefied natural gas (LNG) terminals, provided an overview of their port infrastructure to meet up to 13 BCM (billion cubic metres) of LNG import demand into France and Belgium as well as providing full LNG ship bunkering operations.Whilst most of the world’s 118 LNG-powered vessels currently operate in the Baltic Sea, Dunkerque LNG’s director of business development Cécile Grégoire-David predicted that the majority of the world’s…

27 Nov 2018

CMA CGM Wins Award for Most Accomplished Asia Pacific Ship Owner

Pic: CMA CGM

The CMA CGM Group has been awarded the Most Accomplished Asia Pacific Ship Owner Award 2018 at the Maritime2020 Summit, which was held in Singapore on November 27, 2018.The French container transportation and shipping company said that this award recognizes the shipowner who demonstrates the greatest efforts to make its fleet more sustainable, efficient and environmentally friendly.Mathieu Girardin, Vice President CMA CGM Asia regional Office, received the award on behalf of the…

26 Nov 2018

CEVA Logistics Acquires CMA CGM Log

Pic: CMA CGM

CMA CGM is selling its freight management company CMA CGM Log for $105 million to the Swiss company CEVA Logistics. Recently CMA CGM has acquired a 30% stake in Ceva Logistic. CEVA will remain an independent and standalone listed company. This strategic partnership is aligned with CMA CGM's strategy to offer end-to-end logistics solutions to its customers, pioneering the development of integrated logistics solutions, while retaining an arm's length business relationship with CEVA.The…

23 Nov 2018

CMA CGM to Accelerate Logistics Strategy with CEVA

Pic: CMA CGM

French container transportation and shipping company CMA CGM said that by strengthening the partnership with the global logistics supply chain company CEVA Logistics,  it is actively engaging its logistics strategy.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group said: "Our ambitious development project for CEVA was approved by its Board of Directors. Subject to approval from the regulatory authorities, this project will accelerate CEVA’s transformation…

23 Nov 2018

CMA CGM Reports Higher Volumes and Revenue

Rodolphe Saade, CEO. Photo: CMA CGM

French container shipping group CMA CGM third quarter results outperformed the industry,  with significant increases in revenue and volume.The global transporting company said in a stock exchange annoucement that its volumes have risen 5.5 percent and revenue is up 6.3 percent compared to the third quarter in 2017. The group's net income was $103.1 million.CMA CGM’s Chief Executive Rodolphe Saade had said he expected a strong third-quarter, helped by brisk China-U.S. shipments…

15 Nov 2018

Five Container Shipping Gaints Form Digital Collaboration

Image: Mediterranean Shipping Company

Five container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express -  intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping industry.IT executives from the shipping groups are currently discussing the creation of common information technology standards which shall be openly available and free of charge for all stakeholders of the wider container shipping industry.“It’s in the customers' and all stakeholders’ best interest…

13 Nov 2018

Global Ship Lease Bags New TC with CMA CGM

Pic: CMA CGM

Containership lessor Global Ship Lease, announced a new time charter with ANL, a wholly owned subsidiary of CMA CGM, for the 2003-built, 2,207 TEU containership GSL Keta (formerly Delmas Keta).The containership charter owner informed that the new charter, commencing on or around November 20, 2018, is for a period of between seven and 10 months (at charterer’s option) at a rate of $8,450 per day, up from $7,800 per day under the preceding charter.The company incorporated in the Marshall Islands has also exercised options to extend the existing charters of the 2002-built…

19 Oct 2018

CMA CGM Dock Smash Inquiry Slams Pilot

Image: UK Govt

The United Kingdom Merchant Shipping (Accident Reporting and Investigation) Marine Accident Investigation Branch issued an investigation report on the allision of the UK-registered containership CMA CGM Centaurus with the quay in Jebel Ali, United Arab Emirates,that resulted in collapse of a shore crane and subsequent injury of 10 persons.At 1137 on 4 May 2017, Centaurus made heavy contact with the quay and two shore cranes while under pilotage.The accident occurred because the ship was unable to attain a sufficiently high rate of turn into a basin in preparation for berthing.

25 Oct 2018

EU Okays CMA CGM’s takeover of Containerships

Pic: 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…

25 Oct 2018

CMA CGM to Buy Ceva Logistics

Pic: CMA CGM

French shipping group CMA CGM has made a voluntary public tender offer to Swiss transport company  Ceva Logistics as part of its strategy to “broaden their partnership and sign a new relationship agreement”CMA CGM has been Ceva Logistics’ reference shareholder since its listing on the SIX stock exchange in May 2018. CMA CGM signed a new relationship agreement with Ceva on Wednesday October 24th to reinforce the industrial cooperation between the two companies.All the Ceva shareholders…

28 Oct 2018

Major Shipping Lines Join to Expands Mediterranean-U.S. East Coast

Pic: Yang Ming Anatolia

Hapag-Lloyd, Ocean Network Express, and Yang Ming announced the strategic cooperation with CMA-CGM, COSCO, OOCL to enhance their Mediterranean-U.S. East Coast service AL6 (Atlantic 6) to deliver a more efficient and comprehensive service quality.The improved service is consolidating the AL6 service (operated by Hapag-Lloyd, Ocean Network Express, and Yang Ming), and the Amerigo service (operated by COSCO, CMA-CGM, OOCL) into one larger loop with a deployment of six 8,000-TEU vessels (three by Hapag-Lloyd…

08 Nov 2018

Hapag Lloyd CEO Expects Global Shipping Demand Growth Over Next Two Years

File Image: CREDIT Hapag Lloyd

CEO sees box shipping volumes growing 3-4% annually from 2018 to 2019, lower than sector experts estimate due to geopolitical risks.Hapag Lloyd also expects global demand to outstrip supply growth over next two years.CEO also says ship scrapping activity has been picking up in recent weeks after almost no activity earlier this year.

19 Oct 2018

CMA CGM Enters Sustainability Partnership with Panalpina

Image: Panalpina

French ocean carrier CMA CGM and Panalpina, the world’s fourth biggest ocean freight forwarder by transport volumes, have signed a sustainability agreement aimed at reducing their respective carbon emissions by 2025.As of 2020, newbuild LNG-powered mega-vessels with a capacity of 22,000 twenty-foot containers (TEUs) will help achieve the environmental goals.Aiming at responsible development in ocean freight, Panalpina and CMA CGM have signed a sustainability agreement for maritime…

15 Oct 2018

Video: CMA CGM Box Ship Smashes Into Dock

A CMA CGM containership plowed head-on into a pier at India's largest container port on Saturday, causing visible damage to the dock.The 336-meter, 10,000 TEU CMA CGM Mumbai reportedly lost steering while attempting to berth at the Jawaharlal Nehru Port,on the west coast of India. Officials said damage to the pier is only minor, and the damage to the ship is unkonwn. No injuries were reported.The Hong-Kong flagged vessel, owned by CMA CGM and operated by Seaspan, was delivered in May this year from Chinese yard Yangzijiang Shipbuilding.

06 Nov 2018

Global Shipping Business Network on Blockchain Platform Launched

Shipping industry executives initiate blockchain consortium at a signing ceremony. Photo: CargoSmart Ltd.

Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port, as well as software…

09 Nov 2018

Poseidon Containers Inks TC with CMA CGM

Pic: CMA CGM

The containership charter owner Global Ship Lease (GSL) announced that Poseidon Containers, with which it has entered a definitive merger agreement, has agreed five-year time charters with CMA CGM for four of its 6,927 TEU containerships, Mary, Kristina, Katherine and Alexandra.The charters will deliver incremental annualized EBITDA of approximately $11.0 million compared to third quarter 2018 contracted rates. The new charter for Mary commenced recently, and the remaining three new charters will commence upon expiry of their existing charters during the first half of 2019.

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

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