CMA CGM has agreed to acquire the majority of shares in Sofrana Unilines, a significant player in the Pacific Islands regional maritime trade.
The French carrier will make the purchase throught its subsidiary ANL, which already offers 16 trade lanes servicing major ports throughout Australia, New Zealand, Papua New Guinea, North Asia, South East Asia, Indian Subcontinent and North America.
Sofrana Unilines operates directly or in partnership a fleet of 10 vessels on eight trade-lanes, servicing 21 ports in Australia, New Zealand, Papua New Guinea and the Pacific islands.
A statement from the Marseilles-based company said: “ANL’s extensive reach across Asia, ISC and North America coupled with Sofrana’s in-depth knowledge of the Pacific islands will provide customers with a new level of service and routing options.”
The newly combined group, Sofrana ANL, will join CMA CGM’s portfolio of regional specialists, which features OPDR and MacAndrews in Europe and CNC in Asia.
In addition, CMA CGM announced in June its project to acquire Mercosul Line to build up its operations in Brazil.
The acquisition of Sofrana Unilines is expected to be completed by the end of October.