Friday , 18 October 2019
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CMA CGM acquires OPDR

The French shipping line CMA CGM has announced the acquisition of the German short-sea shipping operator Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR), owned by the Bernhard Schulte Group.

The move is part of CMA CGM’s strategy to manage the short-sea feeder services for its oceangoing vessels; in recent years the world’s third largest shipping line has acquired a number of similar sized short-sea operators, including MacAndrews in 2002.

OPDR runs a fleet of eight vessels, five owned with the remaining three chartered, with an average capacity of 700 teu.  They operate between Northern Europe to Spain, the Canary Islands, Portugal, Morocco and Scandinavia; OPDR expects to carry over 240,000 teu this year (2014), while MacAndrews is expected to carry 290,000 teu.

CMA CGM Group executive officer, Farid Salem, said: “This new acquisition reinforces the Group’s presence on the growing intra-European short-sea transportation market. This is a continuation of our strategy to broaden our regional network, a strategy which began with the acquisition of MacAndrews. As with MacAndrews, we plan on maintaining and developing the OPDR company, as well as creating new synergies with both MacAndrews and the CMA CGM Group”.

Earlier this year CMA CGM announced the formation of the ‘Ocean Three’ alliance, with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC), which will control around 20% of cargo movements on the main Asia-Europe route; 14% crossing the Pacific Ocean and 10% of Atlantic trades.

The transaction is subject to the approval of the relevant regulatory authorities.