CMA CGM

CMA CGM is the world’s third-largest container shipping company by capacity worldwide and No. 1 in France. Founded in Marseille in 1978 by Jacques Saadé, CMA CGM is present in over 150 countries, with 18,000 employees worldwide. It will join the Ocean Alliance when that vessel-sharing agreement takes effect from April 2017.

13 Jun 2017
French carrier CMA CGM declared Tuesday that it will buy Brazilian flag carrier Mercosul Line from Maersk Line.
14 Dec 2015
The brand new the 17,859 TEU CMA CGM Benjamin Franklin will on Dec. 26 become the largest vessel to call at the Port of Los Angeles, ushering in the age of the mega-vessel on the trans-Pacific.
09 Dec 2015
The price Temasek will get for NOL from CMA CGM if the deal goes ahead is below the book value of the company, according to Alphaliner.
08 Dec 2015
CMA CGM’s plans to bring APL into the O3 Alliance once the NOL acquisition is done has put the spotlight on the G6 Alliance and what the loss of its Singapore-based member would mean.
07 Dec 2015
CMA CGM plans to bring NOL’s liner division APL into the O3 Alliance that the carrier operates in with China Shipping and United Arab Shipping Co., the France-based line’s vice chairman Rodolphe Saadé said.
07 Dec 2015
CMA CGM has made a $2.4 billion cash offer for Singapore’s Neptune Orient Lines in a transaction that will proceed once anti-trust approval has been received from authorities in the EU, the U.S. and in China, which is expected in mid-2016.
03 Dec 2015
CMA CGM has reportedly secured commitments from its banks to finance a planned takeover of Neptune Orient Lines, owner of ocean carrier APL.
03 Dec 2015
Acquiring container lines is rarely easy, but CMA CGM’s track record will give it a good foundation to bring Neptune Orient Lines into the fold — if the France-based carrier’s exclusive talks with the Singapore-based company lead to a deal.
02 Dec 2015
CMA CGM has until midnight on Monday, Dec. 7, to decide if it wants to bid for Singapore’s Neptune Orient Lines, but reports that the French line is seeking finance from banks for what could be a $2.2 billion purchase shows that the carrier is serious about the acquisition.
27 Nov 2015
Russian regulators have initiated administrative proceedings against CMA CGM and Maersk Line after accusing the two container lines of failing to provide documents requested as part of an investigation into alleged collusion.
26 Nov 2015
CMA CGM said it is upgrading its New Europe Mascarene Oceania service by adding new port calls, starting in early December.
25 Nov 2015
The potential acquisition of Neptune Orient Lines by CMA CGM would mark the biggest consolidation in container shipping based on the capacity of the targeted carrier, according to Alphaliner.