CMA CGM to acquire Mercosul Line

CMA CGM has agreed to acquire Brazilian cabotage carrier Mercosul Line from Maersk Line, which made the sale to comply with competition authorities over its acquisition of Hamburg Süd.

A statement from the carriers noted that the sale would enable CMA CGM to strengthen its service offering to and from South America, most notably in Brazil and especially on cabotage and “door-to-door” services.

“This activity is part of CMA CGM’s core strategy, which is to develop intra-regional sea transportation links and complementary services such as logistics,” the statement added.