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Sunday, December 17, 2017

CMA CGM to Acquire SOFRANA Unilines

Posted by October 2, 2017

(Photo: SOFRANA Unilines)

(Photo: SOFRANA Unilines)

CMA CGM announced it will purchase through its subsidiary, ANL, the majority of the shares in SOFRANA Unilines, a key player in the Pacific Islands regional maritime trade.
 
With operations in the South Pacific region for almost 50 years, SOFRANA Unilines operates directly or in partnership a fleet of 10 vessels on eight trade-lanes, servicing 21 ports in Australia, New Zealand, Papua New Guinea and the Pacific islands.
 
Together with CMA CGM’s ANL, who already offers 16 trade lanes servicing major ports throughout Australia, New Zealand, Papua New Guinea, North Asia, South East Asia, Indian Subcontinent and North America, the newly combined group, SOFRANA ANL will join CMA CGM’s large portfolio of regional experts: OPDR and MacAndrews in Europe, CNC in Asia. In addition, CMA CGM announced in June its project to acquire Mercosul Line to build up its operations in Brazil.
 
The acquisition of SOFRANA Unilines is expected to be completed by the end of October.
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