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.

29 Apr 2016
CMA CGM, the third-largest global container line, got the go-ahead on Friday from the European Union to acquire Neptune Orient Lines, the parent company of APL, but with one condition.
28 Apr 2016
CMA CGM has introduced a new container to corner the live lobster market.
20 Apr 2016
The much-anticipated launch of a weekly service with six mega-ships, each with a capacity of almost 18,000 twenty-foot-equivalent units, to Long Beach and Oakland is being delayed, having fallen victim to the extremely low freight rates freight rates in the trans-Pacific trade.
20 Apr 2016
The Ocean Alliance was born in Shanghai on Wednesday as CMA CGM, China Cosco Shipping, Evergreen Line and OOCL signed a memorandum of understanding to offer more than 40 global services connecting markets in Asia, Europe and the United States.
19 Apr 2016
CMA CGM, China Cosco Shipping, Evergreen Line and OOCL on Wednesday morning are expected to announce in Shanghai that they will form a shipping alliance, a move aimed at blunting the power of the major vessel-sharing agreement between the two largest global container lines, Maersk Line and Mediterranean Shipping Co.
07 Apr 2016
Global container lines operating in Russia that were found guilty of collusion in 2012 and 2013 plan are appealing the controversial decision of Russia’s Federal Anti-Monopoly Service that threw a shadow on their image in the country.
04 Apr 2016
Standard & Poor’s has downgraded CMA CGM’s long-term corporate credit rating to B from B+, saying the French container line’s earnings will be "constrained" by the "challenging" conditions in container shipping through 2017.
23 Mar 2016
CMA CGM has taken another step in its campaign to expand coverage of the African continent, adding direct calls to Djibouti and new inland connections with Ethiopia just days after teaming up with NileDutch to boost its West Africa service network.
18 Mar 2016
CMA CGM on Friday announced its debut in the intra-Mediterranean trade with a dedicated direct service between nine southern Europe, North Africa and Middle East ports.
17 Mar 2016
CMA CGM is accelerating its expansion in West Africa, introducing a new fleet, extending coverage and upgrading an existing line, building on its extensive ocean service and inland transport corridors into the hinterland.
12 Mar 2016
Capt. Chester “Chet” I. Hopkins III, a longtime maritime executive whose posts included vice president of operations at CMA CGM, died Thursday at Maine Medical Center in Portland, Maine. He was 75.
07 Mar 2016
CMA CGM’s revenue and profit slipped last year despite a 6.3 percent volume increase, but the French carrier said it’s counting on cost cuts and the pending acquisition of Singapore’s NOL to overcome a “tough” start to 2016.