CMA CGM to Acquire 25% Stake in CEVA
CMA CGM Welcomes IMO Policy to Cut Carbon Emissions by 50% in 2050
A world leader in maritime transport CMA CGM reaffirmed its commitment towards the protection of the environment following the International Maritime Organization (IMO)’s historic decision aimed at reducing by 50% the industry’s CO2 emissions in 2050. "The CMA CGM Group welcomes the adoption, by member countries of the IMO, of a strategy aimed at reducing carbon emissions by 50% in 2050 in the maritime transport industry," said a press statement. The CMA CGM Group is already strongly…
DP World Australia Extends Partnership with CMA CGM
DP World Australia announced the signing of a long-term partnership extension regarding service of CMA CGM Group vessels by DP World Australia at its terminals in Brisbane, Sydney, Melbourne and Fremantle. This partnership extension brings two market leaders of the Australian port logistics sector closer together. CMA CGM Group’s high-quality shipping services, which include ANL and APL, will leverage DP World Australia’s container terminal and intermodal footprint. DP World Australia’s CEO and Managing Director…
CMA CGM Rolls Out Ocean Alliance Day Two Product
CMA CGM Group, a world leader in maritime transport, is pleased to announce the start of the Ocean Alliance Day Two Product. Based on the success of Ocean Alliance, the Ocean Alliance Day Two Product strengthens CMA CGM’s service offering by providing even better services and upgrades to the Group’s customers. The Ocean Alliance Day Two Product has a carrying capacity of around 3.1 million TEUs (Twenty-foot Equivalent Unit) with 331 containerships deployed on 41 services. CMA CGM will continue to play a major role within the alliance, deploying a fleet of 121 ships.
APL Adds Port Calls to CP1 Service
APL, one of the world’s leading ocean carriers, announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market coverage of the shortsea service that links South China and the Philippines. Each week, the enhanced CP1 service will directly call the Batangas port, facilitating shipments into and out of the economically-thriving Calabarzon region in the Philippines.
CMA CGM Launches 396-meter Container Ship, Jules Verne
The CMA CGM Group announced the CMA CGM Jules Verne (16,000 containers twenty-foot equivalent), sailing under the French flag, will be inauguratedJune 4. The CMA CGM Jules Verne, among the largest container ships in the world, will begin its first rotation Friday, May 3rd, in Pusan, South Korea. Operated on the emblematic line of the Group, the French Asia Line , the CMA CGM Jules Verne will call at Pusan, Qingdao, Ningbo, Shanghai, Xiamen, Chiwan, Yantian, Port Kelang, Suez, Malta…
Chinese Prime Minister to Visit CMA CGM
The CMA CGM Group is will host the Chinese Prime Minister Li Keqiang in its Marseilles headquarters on July 1. Chinese Prime Minister Li Keqiang is scheduled to visit the CMA CGM Group headquarter on July 1, accompanied by France Minister of Foreign Affairs Laurent Fabius, the Minister of State for Foreign Trade Matthias Fekl and a Chinese ministerial delegation. This delegation will include the Chinese Foreign Affairs Minister Yi Wang, the Reform and Development Commission Minister Shaoshi Xu…
CMA CGM Jules Verne Inaugurated by French President
CMA CGM Jules Verne, the world’s largest containership (16,000 twenty-foot equivalent units), and sailing under the French flag was officially inaugurated by French President François Hollande in Marseille, on June 4. The CMA CGM Jules Verne arrived on June 3 at Marseille for an exceptional call and was welcomed by thousands of local people and employees from CMA CGM’s Head Office. Her inauguration was a fitting celebration to mark the 35th anniversary of a Group that was founded in Marseille by Jacques R. Saadé in 1978.
CMA CGM'S Largest Ship Crosses Suez Canal
The CMA CGM Group has announced that the CMA CGM KERGUELEN, the group’s largest vessel, crossed the Suez Canal for the first time on May 2, 2015. On this occasion, the Suez Canal Authority Chairman, the Admiral Mohab Mameesh, boarded the CMA CGM KERGUELEN and completed a section of the Canal crossing. The Suez Canal, at the crossroads between the Asian, African and European continents, has beyond its geostrategic positioning, a particular importance for CMA CGM, one of the world’s leaders in container shipping.
Two New Ships Enter the CMA CGM Fleet
Containerships CMA CGM Loire and CMA CGM Ural were delivered to the CMA CGM Group on February 5 and entered the fleet on February 13 and 14, respectively, marking the arrival of the fifth and sixth vessels of the 9,400 TEUs to 10,900 TEUs series to be delivered through the third quarter of 2016. The CMA CGM Danube, CMA CGM Elbe, CMA CGM Litani and CMA CGM Tigris are the first of this 28 vessel series named after rivers around the world, that started to be delivered on June, 30 2014.
CMA CGM America Reorganization
CMA CGM would like to announce the reorganization of CMA CGM America LLC, the U.S. agent of the CMA CGM Group, headquartered in Norfolk, Virginia, with the departure of Frank Baragona, Chairman of CMA CGM America LLC. After a successful career in the shipping industry and nine years as head of CMA CGM America, Frank Baragona will be leaving the CMA CGM Group at the end of 2013 for retirement. As of November 2013, Marc Bourdon, General Manager of CMA CGM do Brazil, will take on the position of General Manager of CMA CGM America LLC and will closely be working with: Todd Rives, Chief Commercial Officer; Ed McCarthy, Chief Operating Officer and Jim Arnold, Chief Financial Officer, already in place in Norfolk.
Abeille Tows CMA CGM Marco Polo
The crew on the Abeille Bourbon successfully completed towing operations on the CMA CGM Marco Polo, the jewel in CMA CGM’s crown and the largest containership in the world (capable of carrying up to 16,020 TEUs(*)), as part of an exercise organized by the Atlantic French Maritime Prefecture. The Abeille Bourbon is a tug specializing in salvage and assistance and chartered by the French Navy to protect the French coastline. The vessel provided its services for an Atlantic French…
CMA CGM Takes Historic Containership
Shipping group CMA CGM has taken delivery of the newbuild box ship CMA CGM Vasco de Gama on July 27. Built by China State Shipbuilding Corporation (CSSC), the 18,000 TEUs vessel is, with its 399 meters length and 54 meters width, the largest ship in the CMA CGM fleet and the largest containership ever built in a Chinese shipyard. The CMA CGM Vasco de Gama is equipped with an engine of the latest generation, a twisted leading edge rudder with bulb and an optimized hull design, together decreasing the ship’s CO2 emissions by 10 percent compared to the previous vessel generation, CMA CGM said.
New Box Ship Enters CMA CGM Fleet
The maiden voyage of the containership CMA CGM Rhone started in China on February 20, the CMA CGM Group announced. The 9,365 TEU vessel CMA CGM Rhone is the seventh in a series of 28 ships from 9,400 TEUs to 10,900 TEUs that will be delivered from now to the third quarter of 2016. The CMA CGM Danube, CMA CGM Elbe, CMA CGM Litani and CMA CGM Tigris are the firsts of this series of 28 vessels named after famous rivers that started being delivered on June 30, 2014. More recently…
New Containership Enters CMA CGM Fleet
Newbuild containership CMA CGM Volga entered the CMA CGM fleet on March 17, and began her first rotation in Dalian, China, on March 20, the CMA CGM Group announced. The 10,622 TEUs vessel is the eight of a series of 28 ships from 9,400-10,900 TEUs that will be delivered through third quarter of 2016. The CMA CGM Danube, CMA CGM Elbe, CMA CGM Litani, CMA CGM Tigris, CMA CGM Loire, CMA CGM Ural and CMA CGM Rhone are the firsts of this series of 28 vessels named after famous rivers that started being delivered on June 30, 2014.
CMA CGM Crosses 90% Ownership Threshold in NOL
Container shipper CMA CGM S.A. has crossed the 90 percent ownership threshold in Neptune Orient Lines Limited (NOL), enabling it to bring the Singapore company private. Following its all-cash voluntary conditional general offer (Offer) for NOL which was launched on June 6, 2016, CMA CGM now owns 2,361,044,044 shares representing approximately 90.68 percent of NOL’s share capital. With the public float of NOL shares now falling below the minimum threshold of 10 percent, the Singapore Exchange Securities Trading Limited (SGX-ST) may suspend the trading of NOL shares at the close of the Offer.
CMA CGM Confirms Partnership with PSA
CMA CGM and PSA Singapore Terminals (PSA) have confirmed that they will establish form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths in Singapore. CPLT will commence operations from the second half of this year, allowing CMA CGM and its shipping line affiliates to leverage on the port infrastructure and technologies with this latest Pasir Panjang expansion. There was no disclosed investment amount for the joint venture deal…
CMA CGM Deploys Six Mega Ships between Asia and US
CMA CGM’s six 18,000 TEU vessels named after great explorers will be deployed on the trans-Pacific market and help to accelerate its growth, the container shipping company announced today. Beginning from the end of May 2016, the CMA CGM Group will deploy its flagship fleet of six 18,000 TEU vessels between Asia and the West coast of the U.S. on the Pearl River Express service. The six container vessels – CMA CGM Bougainville, CMA CGM Kerguelen, CMA CGM Georg Forster, CMA CGM Vasco de Gama…
Largest Chinese-built Containership Delivered
Shipping group CMA CGM has taken delivery of the newbuild box ship CMA CGM Vasco de Gama [sic] on July 27. Built by China State Shipbuilding Corporation (CSSC), the 18,000 TEUs vessel is, with its 399 meters length and 54 meters width, is the largest ship in the CMA CGM fleet and the largest containership ever built in a Chinese shipyard. Calling 11 different countries, the U.K.-flagged CMA CGM Vasco de Gama is positioned on the CMA CGM Group’s French Asia Line (FAL) joining Europe to Asia.
Moody's Upgrades CMA CGM's Financial Outlook
Moody's Investors Service has upgraded CMA CGM S.A.'s corporate family rating (CFR) to B2 from B3 and the company's probability of default rating to B2-PD from B3-PD. Concurrently, the rating agency has upgraded to Caa1 (LGD5/84) from Caa2 (LGD5/80) CMA CGM's EUR325 million and $475 million worth of senior unsecured notes maturing in 2019 and 2017, respectively. The outlook on the ratings is stable. "We have upgraded CMA CGM's rating to B2 to recognize the return of the company…
CMA CGM Takes Delivery of CMA CGM Leo
The CMA CGM Group announced the delivery in South Korea of the CMA CGM Leo (11,400 TEU). Built by Hyundai Heavy Industries shipyards, the CMA CGM Leo is the fifth of a series of 12 vessels of 11,400 TEU ordered by the CMA CGM Group and that will be delivered between 2010 and 2011. This new giant of the seas, registered in Valetta, will be one of the largest containerships sailing under Maltese flag. One other vessel of the Group to be delivered soon will also be registered in Malta, a European flag which is part of the white list of the “Paris Memorandum of Understanding on Port State Control” a guarantee of safety, security and environmental protection. CMA CGM Group has been present in Malta for many years and operates the Malta Freeport Terminal.
CMA CGM Ships Lead Procession in the Suez Canal
Worldwide shipping group CMA CGM informs that two of its containerships are leading a vessel procession that celebrates the inauguration of the newly expanded Suez Canal on Thursday, August 6. The two vessels at the head of the procession, CMA CGM Laperouse and CMA CGM Titan, sail as part of 11 of CMACGM’s main shipping lines transiting by the Suez Canal. Eight percent of the world’s commercial maritime traffic goes through the Suez Canal, which represents an average of one CMA CGM vessel transiting in each direction daily, the shipper said.
CMA CGM Ends Joint Service with Hanjin
French shipping major CMA CGM assures its customers over Hanjin collapse. "Further to the information published on the filing for receivership of Hanjin Shipping, we understand that this news may have raised concerns with regards to the transport of goods that you have entrusted to CMA CGM," says a company statement. Hanjin Shipping, apart from being a member of CKYHE Alliance, is a partner of CMA CGM Group on 5 out of the Group’s 200 shipping lines. - CMA CGM Group no longer loads its containers on Hanjin Shipping vessels.