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.

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.
Hamburg Sud container ship
04 May 2015
Increasing cooperation between Hamburg Sud and carriers in the Ocean Three Alliance suggests it “seems only a matter of time” before the German container line joins the alliance, Drewry Container Insight said in a speculative commentary this week.
29 Apr 2015
CMA CGM has acquired a strategic stake in LCL Logistix, one of India’s leading freight forwarders and logistics firms.
29 Apr 2015
CMA CGM said its New Europe Mascarene Oceania service will call at the Kattupalli International Container Terminal, an emerging alternative gateway on India’s southeastern coast.
25 Apr 2015
The privatization of Kingston Container Terminal should help revive transshipment, but the new operator will face competitive challenges
10 Apr 2015
CMA CGM has launched what it claims is the first real-time container tracking mobile application for the French carrier’s customers.
10 Apr 2015
Rickmers Group’s net income stalled and revenue declined in 2014 but Germany’s leading container ship owner and manager continued to grow its fleet and restructured its loans.
08 Apr 2015
Part of an ongoing effort to capture more of the emerging African market, CMA CGM Wednesday announced the opening of a new corridor to inland destinations in Gabon on the West African coast.
08 Apr 2015
CMA CGM has signed a 30-year operating concession for the Kingston Container Terminal, which it plans to use as a strategic Caribbean transshipment hub for an enlarged Panama Canal.
CMA CGM Marco Polo in Ningbo
07 Apr 2015
CMA CGM has become the third member of the 20,000-TEU club with an order for three of the world’s largest container ships.
CMA CGM container ship
30 Mar 2015
CMA CGM will sign an order for three 20,600-TEU container ships this week, the French carrier’s vice chairman said.
30 Mar 2015
CMA CGM’s profit soared more than 43 percent in 2014 as the French carrier transported a record number of containers, cuts costs and trimmed its debt.