CMA CGM confirms ULCV order while posting strong results

CMA CGM has confirmed it is ordering nine container ships with a capacity of 22,000 teu, with the first vessels to come into service from the end of 2019.

The carrier expects the vessels, which will be the largest in the world. to reduce unit transport costs particularly on Asia – Europe routes.

The announcement was made while the carrier posted strong second quarter results, with volumes up by 33% to 4.73m teu, boosted by the addition of volumes from the acquired American President Lines (APL).