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.

26 Jul 2017
“The latest dock and gantry cranes will be put into service in the coming weeks so that operations can start rapidly.”
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.
22 Nov 2015
CMA CGM moved a step closer to acquiring Neptune Orient Lines after entering into an exclusivity agreement with the Singapore carrier that could see a formal offer made in early December.
20 Nov 2015
CMA CGM’s reported third-quarter net profit plunged nearly 76 percent year-over-year to $51 million, amid the French carrier’s talks with Neptune Orient Lines over a potential merger.
16 Nov 2015
There is little prospect of a bidding war for NOL between prospective suitors Maersk Line and CMA CGM as the risks involved in acquiring a loss-making line in a weak market will lean heavily on the sale price, Drewry believes.
09 Nov 2015
Acquiring Neptune Orient Lines would enable either Maersk Line or CMA CGM to strengthen their trans-Pacific business and mitigate each’s weakness in the Asia-Europe trade lane, according to a shipping analyst.
06 Nov 2015
CMA CGM declined to comment on reports it is in advanced negotiations to acquire Neptune Orient Lines, the Singapore-listed owner of ocean carrier APL.