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Tag Archives: CMA CGM

Drewry: Ocean Three to become Ocean Four

Shipping consultants, Drewry, have joined a growing number of industry voices who believe that German shipping line, Hamburg Süd, will become part of the Ocean Three alliance. “It now only seems a matter of time before these carriers make the formal announcement that Hamburg Süd is to become a fully-fledged member of Ocean Three, or Ocean Four as it will ... Read More »

CMA CGM considers business expansion after profits surge

CMA CGM Marco Polo in Port Kelang

French shipping line, CMA CGM, has announced an impressive set of 2014 results, featuring 8.1% container volume growth, a 5.3% increase in revenue and a 43.2% leap in consolidated net profit growth. During a conference call, vice-chairman of CMA CGM Group, Rodolphe Saadé, said the company would be “open” to merger and acquisition opportunities and the possibility of an initial ... Read More »

CMA CGM to buy at least three 20,000 teu vessels

CMA CGM is set to make the step-up to 20,000 teu vessels

French shipping line CMA CGM is in talks to buy at least three 20,000 teu container ships at a total cost of around $420m. Deliveries will start in 2017 according to Wall Street Journal sources, with the vessels set to be utilised between Asia and Europe on the world’s busiest ocean trade route. South Korea-based Hanjin Heavy Industries & Construction ... Read More »

Call to curb size of ships calling at Santos

The Port of Santos's ability to safely handle large vessels has been questioned

A group of Brazilian pilots are asking national port authorities to limit the length of vessels permitted to call into the country’s largest container port, Santos. A ship owners’ representative warned of dire consequences if the navigators have their way. President of the Sao Paulo/Santos branch of national pilots’ association Conapra, Claudio Paulino, said it wants to see a 266 ... Read More »

European Shippers’ Council calls for greater monitoring of shipping line cooperation

Hamburg Süd has already been involved in three new collaborations this year

The European Shippers’ Council (ESC) has called for greater data monitoring by national competition authorities following recent announcements regarding shipping line collaborations which, it claims, are bringing “the container liner market one step closer to total convergence”. In particular, the organisation which represents the logistic interests of manufacturers, retailers and wholesalers, wants a focus on “operational and juridical links between ... Read More »

North Atlantic trade vessel sharing agreement between UASC, CMA CGM and Hamburg Süd

UASC has entered into its third collaborative agreement in recent months

Dubai-based container shipping line, United Arab Shipping Company (UASC), is to enter the North Atlantic trade via a vessel sharing agreement (VSA) with CMA CGM and Hamburg Süd. The three partner companies will operate a service on the Transatlantic North trade, linking Northern Europe with the United States East Coast. The service, which will start in the third week of ... Read More »

Port of New Orleans added to weekly CMA CGM Mexico to Europe service

The US port of New Orleans will be added to CMA CGM’s weekly Victory Bridge service between Mexico and Europe from February 2. Port president and CEO Gary LaGrange said: “Shippers will now have greater options, which will further strengthen our connections to not only Europe, but also the Mediterranean, Africa, the Indian sub-continent and the Middle East.” After New ... Read More »

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 ... Read More »

CMA CGM acquires 7,000 reefer containers

To meet the demands of a growing market, the CMA CGM Group has acquired more than 7,000 last generation ‘high cube’ 40 ft  reefer containers, including 6,000 low-consumption engines. With a total reefer fleet of 185,000 teu, the French shipping company has been increasing its reefer volume by 13% per year and is ranked second, carrying 850,000 teu in the ... Read More »

Analysts warn of potential rate war between new alliances

In the wake of the 2M partners announcing plans for the 22 strings they plan to operate on east-west routes this winter, industry analysts have warned that the schedules from Maersk Line and Mediterranean Shipping Company (MSC), could lead to a fall in freight rates as competing alliances battle it out in key trades. Alphaliner said that the first of ... Read More »