CMA CGM Takes Delivery of its Largest Ship
The CMA CGM Group last week received the largest vessel of its fleet, a 17,722 TEU containership CMA CGM Kerguelen, to be christened May 12 in Le Havre. CMA CGM Kerguelen measures 398 meters long and 54 meters wide, making it the largest container ship in the CMA CGM fleet. It has capacity for 17,722 twenty-foot equivalent containers. CMA CGM KERGUELEN will be positioned in the shipper’s French Asia Line, which links Europe to Asia. Thus, the ship will export consumer products (fruit…
China Company Takes Over Sunseeker International
The Dalian Wanda Group, one of the largest Chinese property and cinema groups, will acquire almost 92 percent stake in the leading global luxury yacht company, Sunseeker International Limited, for about GBPDS 320-million. Although the private yachting market is in its early stages in China, this industry is growing rapidly. Wanda's Chairman Wang Jianling states that "China's consumption is growing, especially in the market for high-end luxury products. We have noticed the growth in consumption of luxury yachts…
Recent Shanghai Boatshow Claimed Largest in Asia
The China (Shanghai) International Boat Show (CIBS) came to a close at Shanghai's World Expo site where it had moved for its 17th rendition. Figures just in and showed turnover up a remarkable 120% to 2.2 Bn RMB with overseas visitors up 50%, although they were responsible for a small fraction of the boat sales. Sunseeker sold one of their 40m yacht for a cool RMB 140M. Overall visitor numbers were 31,835, up a massive 40% over 2011 and with every visitor pass being bar coded and electronically scanned these figures are completely accurate and 3rd party audited. The new venue was busy, at times to the point of being crowded, at a venue that was 31% larger than the previous year and yet still with virtually all the exhibition space sold out.
