Cma Cgm Group News

10 Apr 2019

CMA CGM Finalizes Ceva Logistics Tender

Pic: CMA CGM

French shipping giant CMA CGM has completed its public tender offer to acquire CEVA Logistics.The French carrier has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16."Merging CEVA's operations into the CMA CGM Group will strengthen its position as a worldwide leader in maritime transport and logistics. Present in 160 countries, the Group will be 110…

09 Apr 2019

Top Honours for CMA CGM, Mrs Gina Lee-Wan

Recipient of the International Maritime Centre (Individual) award, Mrs Gina Lee-Wan. Photo: Government of Singapore

The global container shipping company CMA CGM Group and maritime lawyer Gina Lee-Wan, Partner and Co-Head of Maritime and Aviation Practice at Allen & Gledhill, recognised at Singapore International Maritime Awards 2019."CMA CGM and Mrs Gina have received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively," said a press release from the Maritime and Port Authority of Singapore (MPA).A world leader in maritime transportation, CMA CGM has been steadily expanding its presence in Singapore.

05 Apr 2019

CMA CGM Boxship for French West Indies Christened

Photo courtesy of CMA CGM

CMA CGM Group announced that the CMA CGM Fort de France, the first vessel belonging to its new fleet dedicated to the French West Indies, was christened on April 4th, 2019 in Martinique by Mrs. Annick Girardin, French Minister for Overseas Territories.This inauguration took place in the presence of Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, Tanya Saadé Zeenny, Executive Officer, Alfred Marie-Jeanne, Chairman of the Executive Council of the Martinique Regional Authority…

03 Apr 2019

CMA CGM Bundles Multimodal Transport

Image: Hafen Hamburg Marketing

The CMA CGM Group announced that its intra-European multimodal transport subsidiaries Containerships and MacAndrews have united under the single Containerships brand.Together, Containerships and MacAndrews operate a fleet of 32 vessels and 700 trucks, calling 64 ports through 26 maritime services and 8 inland services.The single Containerships brand resulting from their union will be able to unlock major synergies and to focus on commercial growth and on the development of high-quality services for its customers.In addition…

28 Mar 2019

Laaksonen Resigns as Containerships CEO

Containerships plc’s board of directors announced that its Chief Executive Officer, Kari-Pekka Laaksonen, has resigned. The board of directors of Containerships plc plans to meet tomorrow to discuss a successor.CMA CGM Group will propose to the board of directors to appoint Claude Lebel, current CEO of Mac Andrews Gmbh, the parent company of Containerships plc, as the new CEO of Containerships plc.Laaksonen will remain in his position until his replacement is effective.

25 Mar 2019

CMA CGM Orders 10 Boxships from China

file Image: CREDIT CMA CGM

CMA CGM chairman and CEO Rodolphe Saadé has signed two strategic partnerships with Lei Fanpei, chairman of the China State Shipbuilding Corporation (CSSC), including an order of 10 containership newbuilds, as well as an agreement to jointly develop more efficient and environmentally-friendly vessels.The deals were signed Monday in the presence of French President Emmanuel Macron and Chinese President Xi Jinping, on the occasion of the latter’s State visit to France.The 10 new Chinese-built 15,000-TEU (Twenty-foot Equivalent Units) vessels will each measure 366 meters long.

12 Mar 2019

CMA CGM Upgrades NEMO service

Photo: CMA CGM Group

Shipping group CMA CGM has reinforced its Europe / Indian Ocean & Australia offering by upgrading its NEMO service, which liaises North Europe and the Mediterranean to the Indian Ocean Islands and Australia on the southbound leg and Australia to southeast Asia and Europe on the northbound leg.This upgraded service will be effective in September 2019 and operated in partnership with MSC, subject to applicable filing requirements.CMA CGM said the new offer will feature an upgraded fleet and provide expanded port coverage through a better utilization of hubs offering dedicated feeder services.

06 Mar 2019

Port of Manila Cargo Flow Improves

Pic: Asian Terminals Inc. (ATI)

The Port of Manila decongested its yard space by removing some overstaying containers said a port representative.The collaborative synergy between Asian Terminals Inc. (ATI), port authorities and international shipping lines has yielded positive gains in significantly freeing up yard space and further easing cargo flows at the international gateway port Manila South Harbor.As of March 4, yard utilization at Manila South Harbor has reached optimal levels at 65 percent from high 90s in preceding weeks…

04 Mar 2019

CMA CGM Begins $1.2B Cost-Cutting Program

Rodolphe Saadé, Chairman and Chief Executive Officer Photo: CMA CGM Group

Container shipping goliath CMA CGM announced the implementation of a global plan for 2019 to improve its operational performance with a cost savings objective of $1.2 billion through the optimization of lines and brands, and by further streamlining its processes. This after the company announced that 2018 annual revenue grew 11.2% to a record level of $23.48 billion.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, stated: "In 2019, despite persisting geopolitical tensions, trade perspectives are positive.

21 Feb 2019

Port Tampa Welcomes CMA CGM

Image: Port Tampa Bay

Florida's largest port Port Tampa Bay welcome the announcement by the CMA CGM Group, that it will begin serving Port Tampa Bay in late May 2019 on its Pacific Express 3, or PEX3 service.With a presence in 160 countries and a fleet of 506 vessels, CMA CGM serves over 420 ports across the globe and is a member of the Ocean Alliance. The PEX3 port service rotation will be as follows: Singapore – Vung Tau – Hong Kong – Shekou – Ningbo – Shanghai - Busan – Panama Canal - Houston – Mobile – New Orleans – Tampa – Miami – Singapore."We are delighted with this announcement by CMA CGM…

17 Jan 2019

CMA CGM Unifies Containerships and MacAndrews Brands

 Image: MacAndrews

CMA CGM will retain the only Containerships brand for its intra-European operations, giving up MacAndrews, which had already erased OPDR."Containerships: from April 1st, 2019 a single brand resulting from the union of two experts of intra-European transport CMA CGM reinforces its strategy aimed at densifying its regional coverage to the benefit of its clients," said a press release from MacAndrews.According to the French container transportation and shipping company, by joining the forces of two recognized experts of intra-European multimodal transport…

17 Jan 2019

Partners Extend Ocean Alliance to 2027

(Photo courtesy CMA CGM)

Partners in the world’s largest operational agreement between shipping companies have agreed to extend their alliance until 2027.The Ocean Alliance, consisting of CMA CGM Group, COSO SHIPPING, Evergreen and OOCL, was launched in 2017 for an initial period of five years with an option for a five-year renewal.The partners confirmed they will extend to the alliance's full 10-year duration, during a signing ceremony in Hainan, China on Thursday.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

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…

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…

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…

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…

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…

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…

28 Sep 2018

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…

13 Sep 2018

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.

09 Sep 2018

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.

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