cma-cgm
Plans by Maersk Line, MSC and CMA CGM to form a new global shipping alliance have alarmed shippers' representatives. At a joint meeting in Brussels on 18 June, the European and Asian Shippers’ Councils expressed their deep concern at the P3 plans. They said that the cooperation should in no way jeopardise or impair the free choice of shippers and fair competition based on price, service level and routing.
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Three of the world's major container shipping lines - CMA CGM, Maersk and MSC – are to join forces in a long-term operational alliance on East – West trades from next year. The P3 Network will operate a total vessel capacity of 2.6 million teu (initially 255 vessels on 29 ...
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The CMA CGM Jules Verne, at 16,000 teu the world’s largest containership was officially inaugurated at a special call in Marseille by President François Hollande, on 4 June. The occasion also marked the 35th anniversary of the group, which was founded in Marseille by Jacques Saadé in 1978. The ship ...
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Shipping line CMA CGM has finalised its financial restructuring launched about a year ago, including an agreement with its banks on its debt restructuring. The French Fonds Stratégique d’Investissement will subscribe to bonds giving right to a 6% stake in CMA CGM upon conversion, while the Turkish Yildirim Group will ...
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Container shipping line CMA CGM has agreed to sell its 49% of its share of its Terminal Link subsidiary to China Merchants Holdings (International) Company for €400 million. Terminal Link has a network of 15 terminals on key international shipping routeand provides stevedoring, storage and other container-handling activities to the ...
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The world’s largest containership, the 16,000teu CMA CGM , began its maiden voyage on 7 November. The Korean-built, British-flagged giant has gone into service on CMA CGM’s FAL 1 service from Ningbo in China and is due to arrive in Southampton on 10 December.
The ship is the first of a ...
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Senior executives at French shipping operator CMA CGM Group told officials in Ivory Coast that they were interested in tendering for the construction of a second port terminal at Abidjan recently. CMA CGM does not intend to participate in this project alone but will invest as part of a consortium ...
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Maersk Line has resumed bookings from North Europe to Asia following the suspension introduced on 23 March due to a spate of cancelled vessels following Chinese New Year. However, the carrier has also announced a general rate increase of $300 per teu and is also levying a $300 per box ...
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