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.

09 Oct 2015
CMA CGM today confirmed it is in talks with the Yildirim Group over the sale of the Turkish conglomerate’s 24 percent stake in the French ocean carrier.
25 Sep 2015
Maersk Line announced it is postponing by a month the implementation of the general rate increase it planned to apply Oct. 1 on the Mediterranean-India trade lane.
24 Sep 2015
Foreign shipping lines have expressed concern about a proposed Vietnam government decree that will require shipping companies to publicize their freight tariffs to protect exporters and importers.
22 Sep 2015
Hapag-Lloyd’s October general rate increase and void sailings by CMA CGM in the same month suggest that carriers are failing to make rate increases stick on the oversupplied Asia-Europe route despite having issued more than 10 GRIs this year.
04 Sep 2015
CMA CGM will raise rates on cargo heading from the U.S. to Asia at a time of falling U.S. exports.
02 Sep 2015
CMA CGM announced a Sept. 20 general rate increase of $500 per 20-foot-equivalent unit encompassing all cargo originating in Asia and heading to North Europe.
31 Aug 2015
China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s overall container growth rate and traffic through overseas facilities rose at a double-digit clip.
31 Aug 2015
CMA CGM ‘s second quarter net profit jumped 66.7 percent as rising volumes and lower costs driven by oil prices offset a 7.8 percent drop in average revenue per container.
21 Aug 2015
CMA CGM said it will temporarily suspend its Liberty Solo service, the smallest of the carrier’s four services between North Europe and the U.S. East Coast.
18 Aug 2015
Several Asia-Europe container lines have announced Sept. 1 general rate increases of up to $1,000 per 20-foot-equivalent unit despite a persistently weak market that has undercut monthly GRIs all year.
17 Aug 2015
CMA CGM is switching its Indian port calls on the CIMEX 2N service, an intra-Asia loop connecting major ports in China and the Indian subcontinent region by switching one of the service’s India calls to Mundra from Pipavav.
14 Aug 2015
More ocean carriers have announced emergency surcharges for Jawaharlal Nehru Port-bound cargo to offset extra costs caused by the week-long shutdown of APM Terminals’ Gateway Terminals India.