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Thursday, November 15, 2018

Cma Cgm News

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…

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…

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.

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…

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…

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…

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.

CMA CGM Inaugurates Antoine de Saint Exupery

Photo from CMA CGM Twitter Page

French shipping group CMA CGM inaugurated its new flagship vessel 20,600 TEU-containership CMA CGM Antoine De Saint Exupery in Le Havre, France.Two French ministers, Bruno Lemaire (Economy) and Elisabeth Borne (Transport) were present for the event.Delivered last January 26 by Philippine shipyard Hanjin Heavy Industries & Construction Philippines of Subic Bay, the vessel is one of the largest container ships in the world. At 400-meters long by 59-meter wide, the vessel has the capacity to carry 20…

CMA CGM Margin Hit in Q2

Photo: Port of Hamburg

French shipping liner CMA CGM said that rising oil price impacted its operating income in second quarter of 2018. "Volume growth and positive net income in a market environment affected by rising fuel costs," said a press statement from the company.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, commented on the results:"Over the second quarter CMA CGM has recorded a core EBIT margin close to the first quarter as well as a positive net income in spite of a sharp increase in fuel prices.

ESC Disapproves Shipping Surcharges

Pic: European Shippers' Council

The European Shippers’ Council (ESC) disapproves of the mechanism of surcharges that shipping liners launch to cover the higher rate of lower sulphur fuel. Shippers call for a dialogue with container liners to find the best mechanism to share the costs.A new bunker adjustment factor launched by Maersk aims at covering additional costs that will arise from the upcoming global sulphur regulations. Carriers impose it unilaterally without any negotiation with shippers and ignore a market approach to the global problem.MSC and CMA CGM have recently announced plans that follow the same direction.

CMA CGM Estimates Low-sulphur Rule Will Cost $160 Per TEU

(Photo: Eric Haun)

Container shipping group CMA CGM said it estimates the cost for it to comply with a new global low-sulphur shipping fuel regulation at around $160 per TEU, or standard container, at current conditions.In a statement on Monday, the French firm, one of the world's largest container lines, said the cost would be absorbed by adjustment of fuel surcharges for customers.CMA CGM reiterated it would use several solutions to meet the low-sulphur standard, which will come into effect on Jan.

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…

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.

CMA CGM Celebrates 40 Years of Entrepreneurialship

Photo by CMA CGM

40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day marked the beginning of an extraordinary humane and entrepreneurial adventure, said a press release.According to the statement, 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence in more than 160 countries. History: It is amid the Lebanese war that Jacques R. Saadé decided to settle in Marseilles to protect his family.

Ocean Network Express Alliance to Enhance Atlantic 6 Services

Image: Ocean Network Express

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…

CMA CGM Inaugurates the Incubator ZeBox

Image: CMA CGM

Rodolphe Saadé, chairman and chief executive officer of CMA CGM Group  and French minister in charge of transport Elisabeth Borne inaugurated ZeBox, a new start-up incubator and accelerator in Marseilles.Initiated by CMA CGM, ZeBox is a human-sized incubator and accelerator with two objectives: Support start-ups throughout their development by immediately projecting them into an international dimension; and enable large companies to benefit from the innovations developed by these start-ups in their respective business sectors.On the occasion of the inauguration of ZeBox…

Bio-Sea BWTS Installed in CMA CGM Antoine De Saint Exupéry.

Antoine de Saint Exupery. Photo: CMA CGM

France's BIO-UV Group has successfully installed and commissioned its Bio-Sea ballast water treatment system (BWTS) in CMA CGM's new flagship, the 400 m long, 20,600 TEU CMA CGM Antoine De Saint Exupéry.The vessel, one of the largest containerships to be built by Hanjin Heavy Industries' yard in the Philippines, and the largest to fly the French flag, was christened in Le Havre earlier this month by the Minister of Economy and Finance, Bruno Le Maire, and the Minister in charge of Transport…

CMA CGM Says No Plans to Take Over Ceva Logistics

(Photo: Ceva Logistics)

French shipping company CMA CGM has no plans to launch a full takeover for Ceva Logistics after the Swiss transport company on Thursday said it had rejected a $1.5 billion takeover offer from a third party.CMA CGM, Ceva's biggest shareholder with a 25 percent stake, has now been allowed to increase its holding to one third -- the trigger point where it would have to launch a full takeover under Swiss regulations."The end of the standstill agreement means CMA CGM now has the right to increase its shareholding in Ceva…

Global Ship Lease Bags New Time Charter with Maersk Line

File Image: Global Ship Lease

Global Ship Lease announced a new time charter with Maersk Line for the 2004-built, 8,063 TEU containership OOCL Ningbo, which has been renamed GSL Ningbo, following her redelivery by OOCL on September 17, 2018.The containership charter owner said in a press release that the vessel will be chartered, commencing on or around September 21, 2018, for a period of between two and 12 months, with a subsequent option for an additional 12-month extension (at charterer’s option).During the first three months…

CMA CGM, Hapag-Lloyd Introduce ReUse in Mexico with Avantida

Image: Avantida

Avantida, an INTTRA company, announced that CMA CGM and Hapag-Lloyd, two of the world’s largest liner shipping companies, are offering reUse container management services in Mexico. reUse is a container triangulation service for transporters made available on Avantida’s online platform. It is the first time that this service is offered in Mexico, and for Avantida it is their first step into the North American market.This is how reUse works: once an import container has been unloaded it must be taken back to the port or assigned depot.

PSA Bharat Mumbai Container Terminals Achieves Record Vessel Productivity

Pic: Bharat Mumbai Container Terminals (BMCT)

PSA’s Bharat Mumbai Container Terminals (BMCT) has achieved a new vessel productivity benchmark of 155 moves per hour on COSCO Shipping Lines Co Ltd’s vessel M.V. Xin Hong Kong, which departed BMCT on 30 September 2018.Together with sister vessels from service partners CMA-CGM and Hapag-Lloyd, M.V. Xin Hong Kong operates the India Ocean / EPIC 2 weekly service, linking India and the Middle East directly with the North European Ports of Antwerp, Hamburg and London.A total of 2…

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…

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 Nov 2018 - Workboat Edition

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