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.

26 Nov 2014
CMA CGM on Wednesday announced the acquisition of German short sea shipping line OPDR in the latest move by the French carrier to boost its share of the fast growing intra-European container shipping market.
Somalia coastline near Mogadishu.
30 Jan 2014
CMA CGM has announced the launch of a new direct service from the Middle East to Somalia.
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
Ocean Carrier Rate Revision Roundup
27 Jan 2014
Major container lines hope to increase rates in multiple trade lanes in February, March and April, although any hikes achieved may be temporary.
Port of Hong Kong
15 Jan 2014
As part of a slot sharing agreement, seven container lines will cooperate on three existing Far East-to-Indian subcontinent services, effective in February 2014.
Ship led by tugboat
13 Jan 2014
It’s too early to predict precisely how the container shipping business will play out in the new year, but there is one certainty: The P3 Network will shake things up in a big way. In the six months since Maersk Line, Mediterranean Shipping Co. and CMA CGM announced they would pool their biggest ships in a giant vessel-sharing alliance in the main east-west trades, competing liner companies have been playing catch-up in an effort to match the P3’s market size and power.
Ocean Carrier Rate Revision Roundup
10 Jan 2014
Major container lines hope to implement rate increases in a variety of trades in January and February, despite signs that any hikes achieved may be fleeting.
Ocean carrier rate revision roundup
31 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in January and February.
Majestic Maersk in Copenhagen
27 Dec 2013
What follows are our picks for the top 10 stories of 2013. Do you agree? Disagree?
Maersk Line vessels
18 Dec 2013
Maersk Line said it still remains confident of securing approval for the P3 alliance and meeting the summer launch target following this week’s meeting of...
16 Dec 2013
Will there be a CKYH-E?
12 Dec 2013
CMA CGM plans to cut the number of services it operate through its subsidiary Delmas between Europe and the Mediterranean and West Africa to five from 10 as of the middle of December.