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.

19 Nov 2014
CMA CGM will use at least some of its new reefer fleet to serve growing produce trade between countries bordering both the Black Sea and the Mediterranean.
Evergreen container ship at the port of Los Angeles.
14 Nov 2014
Multiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast ports, signaling the extent to which carriers are being battered financially by the worst U.S. port congestion in years.
09 Nov 2014
United Arab Shipping Co. is expanding its refrigerated container fleet as it targets new business in South America.
Ocean carrier rate revision roundup for Nov. 7
07 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
05 Nov 2014
APM Terminals is postponing its “main strategic event in 2014” — the opening of a state-of-the-art container terminal in Rotterdam — to 2015.
Container lines’ global schedule reliability from January 2012 through September 2014.
03 Nov 2014
Shippers are enduring the worst bout of congestion at Los Angeles-Long Beach in years, but some analysts who follow container shipping say the situation will soon improve.
Ocean carrier rate revision roundup for Oct. 31
31 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
CMA CGM ship
30 Oct 2014
Ten more CMA CGM ships are scheduled for modifications to their bows that will help the company save nearly 6 percent on fuel, the French carrier said.
27 Oct 2014
Bunker fuel surcharges are falling along with the drop in fuel prices, according to Catapult International which tracks ocean surcharges.
Ocean carrier rate revision roundup for Oct. 24
24 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
21 Oct 2014
The Ocean Three Alliance of CMA CGM, China Shipping and United Arab Shipping Co. has received U.S. regulatory clearance without the standard 45-day review by the Federal Maritime Commission, but Commissioner Richard Lidinsky isn’t happy about it.
CMA CGM
21 Oct 2014
With reefer volumes surging, the world's third-largest carrier says it bought new refrigerated containers as part of a larger effort to handle 1 million reefer TEUs annually by 2015