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.

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.
11 Aug 2015
Russia plans to increase container volume through the Baltic Sea via the opening of a Bronka seaport and CMA CGM weekly services set to begin calling the port in September.
04 Aug 2015
CMA CGM plans to deploy three 2,100 twenty-foot-equivalent unit container ships with heavy refrigerated capacity on the North Europe-Caribbean trade lane to handle forecasted rising demand.
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.