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.

Ocean carrier rate revision roundup for Oct. 17
17 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.
Ocean carrier rate revision roundup for July 18
18 Jul 2014
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
CMA CGM Corte Real at the Port of Long Beach
14 Jul 2014
United Arab Shipping Co. and China Shipping Container Line are the “most obvious” partners for CMA CGM after the French ocean carrier was excluded from the recently unveiled 2M alliance between Maersk Line and Mediterranean Shipping Co., according to Drewry Maritime Research.
P3 broken links
09 Jul 2014
It ended so fast. With one statement, the countless hours and money spent over the last year to prepare for one of the biggest — if not the biggest — game-changers in global container shipping went up in smoke.
07 Jul 2014
Minsheng Financial Leasing will receive $295 million from the Korean and Chinese export-import banks to build three 18,400-TEU ships that will be leased to Mediterranean Shipping Co. in the second half of 2015.
04 Jul 2014
CMA CGM has teamed up with India’s largest port company to build and operate a fourth container terminal at the port of Mundra.
Ocean carrier rate revision roundup for July 4
04 Jul 2014
Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1...
Maersk ship in Tanjung Pelepas
30 Jun 2014
Container lines considering launching major highly structured vessel-sharing agreements in Chinese trade lanes would be wise to consider factors other than just market share, said an attorney familiar with Chinese transportation policy.
Ocean carrier rate revision roundup for June 27
27 Jun 2014
Several container lines have planned general rate increases in multiple trade routes to take effect in July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
CMA CGM’s new 9,400-TEU CMA CGM Danube is the first in a series of 28 ships.
27 Jun 2014
CMA CGM’s new container ship, the 9,400-TEU CMA CGM Danube, is slated to begin its maiden voyage next week
Ocean Carrier Rate Revision Roundup for June 20
20 Jun 2014
Several container lines have planned general rate increases in multiple trade routes to take effect in July...
18 Jun 2014
From initial announcement to abandonment, the P3 Network's career was crowded into just 12 months. Our slideshow reviews the major developments in the story over the past year.