CMA CGM and PSA announce collaboration

French carrier CMA CGM and Singaporean operator PSA have agreed to collaborate to support each other and address industry problems after signing a Memorandum of Agreement (MoU).

The MoU states that CMA CGM’s start-up investment arm, Ze Box, and PSA’s external innovation and corporate venture capital arm, PSA unboXed, will share resources to support growth and collaborate on each other’s innovation programmes.

Rodolphe Saadé, chairman and CEO of the CMA CGM Group, said: “Through this collaboration, we will mentor startups and offer them access to key knowledge and expertise.