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.

16 Aug 2017
The offering starts Aug. 27 and lasts eight weeks.
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.
09 Oct 2015
CMA CGM today confirmed it is in talks with the Yildirim Group over the sale of the Turkish conglomerate’s 24 percent stake in the French ocean carrier.
25 Sep 2015
Maersk Line announced it is postponing by a month the implementation of the general rate increase it planned to apply Oct. 1 on the Mediterranean-India trade lane.
24 Sep 2015
Foreign shipping lines have expressed concern about a proposed Vietnam government decree that will require shipping companies to publicize their freight tariffs to protect exporters and importers.
22 Sep 2015
Hapag-Lloyd’s October general rate increase and void sailings by CMA CGM in the same month suggest that carriers are failing to make rate increases stick on the oversupplied Asia-Europe route despite having issued more than 10 GRIs this year.
04 Sep 2015
CMA CGM will raise rates on cargo heading from the U.S. to Asia at a time of falling U.S. exports.
02 Sep 2015
CMA CGM announced a Sept. 20 general rate increase of $500 per 20-foot-equivalent unit encompassing all cargo originating in Asia and heading to North Europe.
31 Aug 2015
China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s overall container growth rate and traffic through overseas facilities rose at a double-digit clip.
31 Aug 2015
CMA CGM ‘s second quarter net profit jumped 66.7 percent as rising volumes and lower costs driven by oil prices offset a 7.8 percent drop in average revenue per container.