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.

17 Sep 2014
CMA CGM has upgraded its Amerigo service between the U.S. and the Mediterranean with the addition of a new call in Miami.
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.
17 Jun 2014
In a statement published on its website rejecting the proposed P3 Network, the Chinese Ministry of Commerce said the proposed alliance would be anticompetitive and not supportive of the “social public interest.”
17 Jun 2014
U.S. shippers and port officials are still digesting the news of China’s rejection of the P3 alliance of the three largest container ship lines, and are wondering what happens next.
17 Jun 2014
The three carriers of the now-defunct P3 Network said today that they will continue to push for improvements in container shipping efficiency and quality of service despite the shocking news this morning that their proposed mega-alliance was rejected by Chinese antitrust authorities.
17 Jun 2014
LONDON — Europe’s major ocean carriers, ports and shippers are urgently rethinking their business strategies following th
17 Jun 2014
China’s rejection of the P3 Network is a blow to Maersk Line, which had expected the global container ship alliance to produce large savings, analysts say.
17 Jun 2014
The P3 Network has been scrapped after China’s Ministry of Commerce today turned down the vessel-sharing agreement proposed by the world’s top three carriers, Maersk Line, Mediterranean Shipping Co. and CMA CGM.