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.

28 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
26 Nov 2014
For the second time in two weeks, three carriers are reversing their decision to implement port congestion surcharges, though the reason wasn’t immediately clear.
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.
24 Nov 2014
West Africa trade still points to a region with growth potential, despite a nearly 30 percent drop in exports caused by the Ebola outbreak, Drewry and carrier executives say.
24 Nov 2014
Maersk Line’s chief executive said the carrier would settle for lower margins if this meant more of its competitors were profitable, reflecting concerns that while the largest carriers are profitable the rest of the industry is struggling to keep pace.
24 Nov 2014
CMA CGM’s net income almost tripled in the third quarter as the French carrier’s container volume surged to an all-time high. The results support the trend in which the largest carriers in the world are also the most profitable.
Ocean carrier rate revision roundup for Nov. 21
21 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
21 Nov 2014
United Arab Shipping Co. plans to join the EPIC Service between the Indian subcontinent and North Europe operated until now independently by CMA CGM.
19 Nov 2014
CMA CGM will use at least some of its new reefer fleet to serve growing produce trade between countries bordering both the Black Sea and the Mediterranean.
Evergreen container ship at the port of Los Angeles.
14 Nov 2014
Multiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast ports, signaling the extent to which carriers are being battered financially by the worst U.S. port congestion in years.
09 Nov 2014
United Arab Shipping Co. is expanding its refrigerated container fleet as it targets new business in South America.
Ocean carrier rate revision roundup for Nov. 7
07 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.