CMA CGM offers to buy Bollore Logistics for $5.5 billion
MARSEILLE : CMA CGM SA has entered exclusive talks to buy Bollore SE’s logistics arm for an enterprise value of €5 billion ($5.5 billion), in a sign shipping billionaire Rodolphe Saade isn’t through with
Cosco Shipping, CMA CGM and SIPG sign MOU to collaborate on green marine methanol supply
SHANGHAI : On April 6, in the presence of the heads of state of China and France, Chairman of COSCO SHIPPING Mr. Wan Min, Chairman, CEO of CMA CGM Mr. Rodolphe Saadé and Chairman
Sea-Intelligence reports US$15 billion drop in box lines 2022 last quarter earnings
COPENHAGEN : Even though the shipping lines recorded 2022-FY Earnings Before Interest and Taxes (EBIT) of US$138 billion, minus CMA CGM, PIL, and MSC, there were visible indications of a weakening market, according to
CMA CGM adds Indian Subcontinent to congestion surcharge destinations from Mersin
MARSEILLE : CMA CGM has announced a port congestion surcharge from Mersin, Turkey to the Indian Subcontinent due to current delays in the Turkish port. After CMA CGM’s congestion surcharge announcement for a US$100 / dry
Container lines hold onto India-US trade GRIs despite little success signals
MUMBAI : Container lines seem to be firm on going ahead with a mild rate restoration programme for shipments from India to the United States and Canada even as they continue to face demand
CMA CGM ups intra-Europe market share
MARSEILLE : CMA CGM is the only carrier to substantially increase intra-Europe capacity, particularly in the North Europe-Turkey lane, according to Alphaliner’s latest report. Together with Swiss-Italian market leader MSC, the French carrier accounts
CMA CGM’s first three quarters boost revenues and earnings despite Q4 slowdown
MARSEILLE : French ocean carrier CMA CGM has achieved significant increases in its main financial figures in 2022, compared to the previous year. In particular, the Marseille-headquartered company noted a 33.1% growth in revenues
9 e-methane-ready dual-fuel boxships joined CMA CGM’s fleet in 2022
MARSEILLE : French container shipping major CMA CGM welcomed nine e-methane-ready dual-fuel container ships into the fleet in 2022. The ships pertain to CMA CGM’s $10.2 billion investment in a fleet of 77 LNG-powered