French line CMA CGM will buy a 25 percent share of logistics operator CEVA as the carrier tries to control more of its container supply chain.
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.
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May 17, 2018 2:00PM EDT
Press Releases
18 Apr 2018
Sponsored: APL Chief Executive Nicolas Sartini gives his outlook on the maritime trade industry for 2018 and areas of market growth. At the JOC TPM Conference in March he discussed the launch of a new EXX service for APL, an 11-day service from Shanghai to Los Angeles, designed as a speed-to-market alternative for air freight.
29 Mar 2018
After six years of losses, the container shipping industry ended 2017 with a profit of about $7 billion. Financial reports of the 13 carriers do show improvement but do not yet reflect a full recovery — a recovery that should continue in 2018, given the strengthening global economy, unless political issues intervene.
16 Mar 2018
It was the best year yet for CMA CGM as strong demand, higher rates, and a full-year contribution from APL boosted revenue and volume.
05 Mar 2018
CMA CGM wants “to be more than a price tag” and to that end will roll out insurance, trade finance, and technology and digitization efforts to make the carrier more responsive to shipper needs.
28 Feb 2018
CMA said the plan provides door-to-door coverage for 30 days before loading and after discharge of goods on and from a CMA CGM vessel. However, the risk cover is restricted to single-shipper bills of lading.
21 Feb 2018
This is the first, known announcement among the ocean carriers of any surcharges in the United States related to electronic logging devices.
30 Jan 2018
The carrier's Marseille, France-based incubator, known as Ze Box, will host a dozen startups, which have yet to be identified.
26 Jan 2018
The mega-ships continue to flood in to the Asia-North Europe container trade lane.
25 Jan 2018
Local trade sources told JOC.com that a call from French liner CMA CGM next week will mark the commercial launch of PSA International’s much-awaited mega-terminal at Jawaharlal Nehru Port Trust.
18 Jan 2018
CMA CGM is strengthening its presence on the east coast of South America.
09 Dec 2017
CMA CGM has completed its acquisition of Mercosul Line, kicking off a battle for control of the fast-growing Latin American market.
30 Nov 2017
The merger will create a European-wide transportation company with 18 services.
24 Nov 2017
CMA CGM is the latest carrier to post strong operating results as it announces an adjustment of its top leadership.
11 Oct 2017
French liner giant CMA CGM sits on both sides of the fence at the Kingston Freeport Container Terminal.
15 Sep 2017
CMA CGM on Friday confirmed its order of nine 22,000-TEU ships in a report noting the Marseille-based carrier posted a second quarter gain in net income.
07 Sep 2017
The announcement marks a significant escalation in the size of the ships stopping at the Port of New York and New Jersey.
31 Aug 2017
The MESA service between the east coast South America and the Mediterranean operates weekly and will have northbound and southbound calls.
23 Aug 2017
CMA CGM has signaled its intent to order nine 22,000 ships that, if delivered before 2019, will add to the huge amount of mega-ship capacity coming in to the Asia-Europe trade.
21 Aug 2017
The new investment brings its total venture capital funding to $13 million.
16 Aug 2017
The offering starts Aug. 27 and lasts eight weeks.
10 Aug 2017
CMA CGM has scheduled additional sailings on its routes between Asia and the US Gulf and South Atlantic coasts.
07 Aug 2017
Brazilian coastal carrier Mercosul Line last week suffered two accidents.
26 Jul 2017
“The latest dock and gantry cranes will be put into service in the coming weeks so that operations can start rapidly.”
17 Jul 2017
The service will link Northern Europe, the US East Coast, Central America, the Pacific islands, Australia, New Zealand, Peru, and the Caribbean on a weekly basis.
11 Jul 2017
Adani CMA Mundra Terminal (ACMT) this week hosted the first call from CMA CGM‘s new INDIAMED service.
06 Jul 2017
The new CMA CGM call will be part of the carrier’s north-south Cagema service.
05 Jul 2017
The move follows on the heels of rival Maersk Line revamping its India-Africa service network.
03 Jul 2017
French line CMA CGM has offloaded most of its stake in its LA terminal for almost $1 billion.
13 Jun 2017
French carrier CMA CGM declared Tuesday that it will buy Brazilian flag carrier Mercosul Line from Maersk Line.
09 Jun 2017
CMA CGM and its APL unit are launching two new services linking the Mediterranean, the Arabian Gulf, and the Indian Subcontinent.
08 Jun 2017
As companies institute sustainability goals to woo investors and consumers, the shipping industry is becoming more transparent about its carbon emissions.
23 May 2017
Shippers using CMA CGM on the North Europe-Middle East-India trade will face a container booking cancellation fee from June 1.
19 May 2017
CMA CGM returned to the black in the first quarter.
25 Apr 2017
Under the agreement, the French carrier’s subsidiary CMA Terminals will operate the facility for 15 years.
29 Mar 2017
How can the shipping industry reach a model where everyone can succeed?
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