CMA CGM Sees Strong Final Quarter on Shipping Recovery
Container shipping group CMA CGM said on Friday shipping activity remained strong in the final quarter of 2020 after a rebound from initial coronavirus-related disruption boosted the French company's third-quarter profits.CMA CGM, the world's fourth-largest container shipping line, said its EBITDA margin rose to 21.0% in the third quarter from 17.2% in the previous quarter and 13.3% in the year-earlier period.Brisk shipping activity should allow CMA CGM to increase the EBITDA margin further in the final quarter, it said.Like market leader Maersk, which this week raised its full-year earnings t
'Largest-ever' LNG Bunkering Operation Completed in Rotterdam
The world’s largest LNG-powered containership, the CMA CGM Jacques Saadé, has completed its first LNG bunkering with Total’s LNG bunker vessel, the Gas Agility, at the Port of Rotterdam in the Netherlands. The 23,000 TEU containership received around 17,300 m3 of LNG, making it the largest LNG bunkering operation to ever take place, both Total and CMA CGM said Monday.The bunkering operation was performed by the Gas Agility at the Rotterdam World Gateway terminal by means of a ship-to-ship transfer, while the CMA CGM Jacques Saadé carried out cargo operations simultaneously.
World's Largest LNG-fueled Containership Bunkers In Rotterdam
The world’s largest containership powered by liquefied natural gas (LNG) began its first gas bunkering operation in Rotterdam on Thursday, French shipping company the CMA CGM Group said.The CMA CGM Jacques Saadé, which has an 18,600 cubic meter tank, will be refueled with LNG while port handling operations are underway, marking the largest LNG bunkering operation ever undertaken for a containership.Once bunkering is complete, CMA CGM’s flagship will continue its maiden voyage…
CMA CGM to Expand LNG-powered Fleet to 26 Ships
Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts to reduce pollution in ocean shipping.After announcing three years ago that it would adopt LNG, French-based CMA CGM has made several orders for gas-powered ships and now plans to have 26 such vessels in service by 2022, it said in a statement.Seven of the vessels are already in service, including the giant Jacques Saade, named after the family group's founder and which was refueling in Rotterdam on Thursday after its maiden voyage from China…
CMA CGM Tenere Carries Out Its First LNG Bunkering
CMA CGM is carrying out the first LNG bunkering of the CMA CGM Tenere, the first of six 15,000-TEU, liquefied natural gas (LNG)-powered containerships chartered by the CMA CGM Group, the French container line announced Monday.In Rotterdam, 12,000 cubic meters of LNG will be pumped into the CMA CGM Tenere’s tanks by Total’s Gas Agility, the world’s largest LNG bunker vessel, while the containership carries out cargo handling operations concurrently. After the bunkering, the CMA…
CMA CGM's Second 23,000 TEU LNG Containership Delivered
CMA CGM has taken delivery of CMA CGM Champs Elysées, its second 23,000 TEU capacity containership powered by liquefied natural gas (LNG).The newbuild, which follows flagship CMA CGM Jacques Saadé delivered in Setember, is part of a series of nine ordered by the French shipping line from CSSC’s shipyard in Shanghai, designed as the world's most efficient ultra large container vessels.LNG fuel, which enables a 99% reduction in sulfur dioxide and fine particle emissions and an 85% reduction in nitrogen dioxide emissions, is a key component of the CMA CGM Group's environmental ambitions.
Interview: Sam Ruda, Director, Port of NY/NJ
Ports are economic engines for the regions they serve, and the impact from business activities at the Port of New York/New Jersey runs as big as the area it serves: 46 million consumers in a four-hour radius. The port is an economic giant in and of itself, providing for nearly a half a million jobs, a cumulative $35 billion in personal income and a cumulative $98 billion in business income. Sam Ruda, Director, Port NY/NJ, discusses a record 2019, continued investment in infrastructure…
FMC Grants Temporary Relief Requested by CMA CGM
The U.S. Federal Maritime Commission voted to grant the temporary relief sought by CMA CGM from certain service contract and tariff filing requirements following last month's cyber attack affecting the carrier's servers.Earlier this month, the French shipping company sought relief from Commission regulations as part of its efforts to respond to a malicious cyberattack it experienced in September.The Commission said Wednesday it granted the request for exemption from relevant service contract filing requirements and relevant tariff publishing requirements.
Eastern Pacific Shipping to Trial Biofuels
Singaporean-based Eastern Pacific Shipping (EPS) said it will trial biofuel bunkers aboard its 2010-built 47,377 dwt MR tanker Pacific Beryl.EPS, which has said it aims to test various alternative marine fuels in an effort to reduce its greenhouse gas emissions, has appointed Dutch-based GoodFuels to supply the biofuel bunkers."Alternative marine fuels are essential transitional fuels that will pave the way towards industry-wide decarbonization and the preservation of the environment for future generations," EPS said in a statement. The bunkering took place in Dutch waters on October 9.
Maritime Cybersecurity in Focus
Maritime cybersecurity is more important than ever, as made clear during an international webinar chaired Wednesday by the United States, the Netherlands and Denmark.The webinar was a continuation of the maritime cybersecurity event in the margins of the One Conference in The Hague in October 2019.Andreas Nordseth, Director General of the Danish Maritime Authority, said, “The technological developments hold great potential for improving the maritime sector even more, and ensuring the necessary digital and green transformation.”However…
CMA CGM's New LNG Flagship Takes on Record Container Load
The world’s largest liquefied natural gas (LNG)-powered containership, CMA CGM Jacques Saade, has set a new world record for the most full containers loaded on a single vessel.On her Monday departure from Singapore, the CMA CGM Group’s new flagship was carrying a record 20,723 full containers, according to French shipping company CMA CGM.After joining CMA CGM’s fleet in September, the new record-breaking containership is now on her maiden voyage on the CMA CGM Group’s French Asia Line (FAL 1), connecting Asia with Europe.
CMA CGM Resumes Online Services After Cyber Attack
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity.France-based CMA CGM first reported the incident on September 28, saying it had shut down access to its online services after malware targeted its peripheral servers.“The CMA CGM Group’s e-commerce sites are once again live with all their main functionalities up and running,” the company said in a statement on Sunday. “Applications and essential functionalities are now operational and secured.”In a separate incident, U.N.
FMC Considering CMA CGM Petition Following Cyber Attack
The U.S. Federal Maritime Commission (FMC) said it is considering a petition filed by French container shipping group CMA CGM requesting temporary exemption from certain filing requirements following last month's cyber attack affecting the carrier's servers.In its petition, CMA CGM and affiliated companies seek an exemption from certain tariff publications and service contract filings that were impacted by the recent cyber attack, FMC said, adding it will accept public comments on the request through October 15.CMA CGM…
IMO Hit by Cyber Attack
U.N. shipping agency the International Maritime Organization (IMO) said on Thursday its website and intranet had been disabled by a sophisticated cyber attack and its IT specialists had shut down key systems to prevent further damage.This is a crucial time for the IMO, which is responsible for regulating shipping and is currently working on ways to reduce carbon emissions from the sector, with a virtual session of its Maritime Environmental Protection Committee slated to take place later this year.The IMO said services had been affected since Sept.
CMA CGM Suspects Data Breach from Cyber Attack
CMA CGM suspects a cyber attack affecting its servers led to a data breach, the global shipping line said on Wednesday as it continued to restore online services."We suspect a data breach and are doing everything possible to assess its potential volume and nature," it said in a statement.CMA CGM, the world's fourth-largest container shipping company, first reported the incident on Monday, saying it had shut down access to its online services after malware targeted its peripheral servers.The group's e-business website remained unavailable, with customers directed to alternative channels, but ba
CMA CGM Says Operations Functioning Normally After Cyber Attack
French container shipping company CMA CGM Group said Tuesday that its maritime and port operations were functioning normally after a cyber attack hit its servers on Monday."All communications to and from the CMA CGM Group are secure, including emails, transmitted files and electronic data interfaces (EDI)," it said in a statement, adding that its booking functionalities are up and running.CMA CGM is offering alternative access for customers after making its e-business website unavailable on Monday in order to prevent the spread of malware…
CMA CGM Hit by Cyber Attack
Container shipping group CMA CGM said on Monday it is dealing with a cyber attack impacting its peripheral servers.The attack did not concern the systems of its subsidiary CEVA Logistics, it added in a statement.CMA CGM said external access to its IT applications was made unavailable to prevent the malware from spreading while its IT teams work to resolve the incident.The French-based firm later said in an update that access to the group's information systems is gradually resuming…
Charleston Will be the Deepest Harbor on the US East Coast
This September, the U.S. Army Corps of Engineers, Charleston District awarded the final two dredging contracts on its harbor deepening project, which will make Charleston’s harbor the deepest on the East Coast.The contract awards also coincided with the arrival September 20 of the CMA CGM Brazil, a 15,072-TEU containership stretching 1,200 feet long, and the largest containership to ever call on the East Coast and Charleston harbor.Charleston was the last stop on its East Coast itinerary…
World's Largest LNG-fueled Containership Delivered
The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…
World’s Largest LNG Bunkering Vessel Named in Rotterdam
The world’s largest liquefied natural gas (LNG) bunker vessel was officially named during a ceremony held Friday in Rotterdam. The 135.5-meter-long, 18,600-cubic-meter-capacity GTT Mark III Flex membrane vessel has been named Gas Agility.The first LNG bunker vessel owned by Emerald Green Maritime Limited, a wholly owned subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), she is chartered by Total’s affiliate Total Marine Fuels Global Solutions (TMFGS).In February 2018, TMFGS and MOL signed a time charter party for the vessel…
World's First LNG-powered Very Large Containership Delivered
Hyundai Samho Heavy Industries has delivered the world's first very large containership powered by liquefied natural gas (LNG) to Singapore's Eastern Pacific Shipping (EPS), the South Korean shipbuilder announced Wednesday.The LNG-powered, 14,800 twenty-foot equivalent unit (TEU) capacity CMA CGM Tenere is one of six containerships in a series being built for EPS by Hyundai Samho, a unit of shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. The six neo-Panamax box…
CMA CGM Sees Strong Shipping Rebound After Coronavirus Storm
Container shipping group CMA CGM on Friday reported higher second-quarter profits and said it expects results to improve again in the current quarter as the shipping sector recovers quickly from disruption caused by the coronavirus pandemic.French-based CMA CGM recorded a net profit of $136 million for the second quarter compared with a year-earlier $109 million loss.Core earnings before interest, tax, depreciation and amortisation rose 26% to $1.2 billion as favourable freight rates and reduced costs, linked to lower oil prices and an efficiency programme, offset a drop in sales caused by the
Mahajan Named Managing Director of CMA CGM India
French container shipping company CMA CGM Group said it has appointed Atit Mahajan as managing director for CMA CGM India, effective August 1.A qualified chartered accountant with 18 years' experience in strategy, finance and cost management roles, Mahajan was most recently Chief Financial Officer, CEVA Logistics India Pvt. Ltd and was previously Chief Operating Officer, LCL Logistix, both subsidiaries of the CMA CGM Group. In the past, Mahajan has also been part of the CMA CGM…