CMA CGM

CMA CGM

CMA CGM is the world’s third-largest container shipping company worldwide and number 1 in France. Founded in Marseille in 1978 by Jacques Saadé, CMA CGM is present in over 150 countries, with 18,000 employees worldwide.

CMA CGM and its subsidiaries -- Delmas, ANL, CNC, MacAndrews, USL, and COMANAV -- posted revenues of US$15.9 billion in 2013, on volume of 11.4 million TEUs. The company recorded net profit of $430,463, up 19.4 percent from the previous year’s net profit of $360,613

CMA CGM was the sixth-ranked container carrier in U.S containerized import trade in 2013, with volume of 1,138,937 TEUs, up 6.5 percent year-over-year, giving it market share of 6.3 percent. Likewise, it was no. 6 in U.S. containerized export trade in 2013, with volume of 781,849 TEUs, up 17.0 percent year-over-year, with market share of 6.1 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

22 Jul 2015
The first half of 2015 brought seven new services to Busan’s youngest terminal and an additional 1 million 20-foot-equivalent unit containers through South Korea’s largest marine gateway, port officials said Wednesday.
20 Jul 2015
Hapag-Lloyd and CMA CGM have implemented general rate increases on cargo bound for the Middle East from East Asia, as trade is forecast to build modestly.
16 Jul 2015
CMA CGM is beefing its Mediterranean to West Africa service less than a week after announcing a general rate increase from East Asia to West Africa, suggesting that container volumes in the region are growing.
10 Jul 2015
CMA CGM has announced a general rate increase for shipments from Asia to West Africa, as trade between Japan and Nigeria, West Africa’s largest economy, has exploded in the past few years.
07 Jul 2015
European Union competition regulators approved French carrier CMA CGM’s acquisition of OPDR, the German short-sea shipping line.
06 Jul 2015
CMA CGM has reorganized the port rotation of its Europe-Pakistan-India Consortium, or EPIC, service by adding a direct call at Hazira, India, in an attempt to circumvent growing delays at the nearby public port of Nhava Sheva.
02 Jul 2015
Speculation is rising that the three largest global container lines are considering buying the last surviving Brazilian-owned container shipping company, Log-In Logistica Ltda.
30 Jun 2015
CMA CGM will sign a $1 billion financing agreement with the Export-Import Bank of China on Wednesday when Chinese premier Li Keqiang visits the French carrier’s headquarters.
16 Jun 2015
CMA CGM has strengthened its services to Turkey by adding a call to the port of Iskenderun in order to serve rising demand for raw materials that are converted into industrial inputs and finished products.
15 Jun 2015
CMA CGM said it has successfully closed the issue of 725 million euros ($812 million) of its 7.75 percent senior unsecured bonds due 2021.
12 Jun 2015
In its most aggressive move in the African market in years, APM Terminals has begun construction on a new container terminal at Ghana’s largest container gateway and plans to invest heavily on inland connections to allow growing volume to move more efficiently to and from the hinterland.
05 Jun 2015
CMA CGM has ordered six ships with capacities of 14,000 twenty-foot-equivalent units for delivery in early 2017 by South Korea’s Hyundai Heavy Industries Ulsan shipyard.