28606 members and growing – the largest networking group in the maritime industry!

LoginJoin

Friday, February 15, 2019

Cma Cgm News

Photo: Ceva Logistics

CMA CGM Aims for Ceva Logistics Breakeven in 2019

CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.CMA CGM's public tender will offer other shareholders 30 Swiss francs ($29.75) per share, valuing Ceva at 1.67 billion francs, a price agreed after Ceva rejected a takeover bid in October from Danish freight firm DSV.Marseille-based CMA CGM, one of the world's largest container shipping lines, became Ceva's core shareholder when the Swiss company floated on the Zurich stock market last year, as p

Photo: Port of Boston

Conley Box Terminal Breaks TEU Record Again

The Port of Boston’s Paul W. Conley Container Terminal set a new all-time record in 2018 for volume for the fourth year in a row. The Port of Boston is the main artery of Massachusetts’ consumer economy, with imports and exports serving as vital catalysts for growth, investment and opportunity. More than 1,600 businesses across New England use the Port of Boston for importing and exporting goods.Conley Terminal handled 298,036 TEUs during 2018, serving as an efficient alternative to other U.S. East Coast ports for New England cargo.

Pic: Kingston Freeport Terminal Limited (KFTL)

KFTL Hits Container Moves Milestone

Kingston Freeport Terminal Ltd (KFTL), a Jamaican consortium formed by French global terminals operator CMA CGM and its majority-owned subsidiary Terminal Link, said it recorded the best performance ever in the history of the port of Kingston in terms of container moves.Kingston Freeport, which has leased Kingston Container Terminal, KCT, under a 30-year concession, said a total of 3,304 moves were handled within 24 hours of operation on the Post-Panamax vessel Cosco Beijing, which arrived at the terminal on January 24.

Pic: M/S Containerships Nord photographed being prepared for her first Marine LNG bunkering.

Containerships Nord Completes 1st LNG Bunkering

CMA CGM subsidiary Containerships said that its first LNG-fuelled container vessel, M/S Containerships Nord, successfully underwent her first Marine LNG bunkering at the Port of Rotterdam.Around 240 metric tons of Marine LNG was bunkered to the vessel – an amount that can take her on a roundtrip from Rotterdam to St. Petersburg and back sailing through the Kiel canal twice.The first bunkering was carried out at lay bay berth in a ship-to-ship LNG bunkering operation from Shell’s Bunker Vessel, the Cardissa.

Christine Cabau Woehrel (Photo: CMA CGM Group)

Cabau Woehrel Joins CMA CGM

The CMA CGM Group has announced the appointment of Christine Cabau Woehrel to the position of Executive Vice President in charge of assets. From March 15th, her main responsibilities will include managing the Group’s industrial assets such as its fleet of vessels, its new buildings, its container fleet, intermodal transport and the Group’s terminals.Having begun her carrier in 1987 in the CMA CGM Group, Christine Cabau Woehrel became in 2011 a transport consultant. The following year…

CMA CGM Fort de France (Photo: CMA CGM)

CMA CGM's First Vessel Dedicated to the French West Indies Delivered

The CMA CGM Group has announced it has taken delivery of the CMA CGM Fort de France, the first of an order for four container ships dedicated to the French West Indies.With a capacity of 3,500 TEUs (Twenty-foot equivalent units) and a length of 219 meters, the CMA CGM Fort de France stands out by its draft which is adapted to the West Indies ports. It is also equipped with a large number of plugs for refrigerated containers (“Reefers”) which allow the transport in optimal conditions of perishable goods such as bananas…

Photo: Agricool/CMA CGM

Agricool: When a Container Box Comes Ashore

Containers get a Second Life in the Agriculture Sector.‘Green’ initiatives continue to sweep the globe, with companies such as #Agricool leading the way with its plan to  revolutionize urban agriculture while giving containers a second life.Enter CMA CGM Group, one of the world’s largest containershipping companies, which is supporting Agricool not only with recycled containers, but also investing in the company and sharing its experience in logistics with the sapling company as is matures and enters its industrialization phase.What is Agricool?Founded in 2015 in Paris…

Pic: CMA CGM

Ocean Alliance Unveils Day 3 Product

The world’s largest operational agreement between shipping companies Ocean Alliance -CMA CGM, COSCO SHIPPING, Evergreen and OOCL - has announced the launch of their Ocean Alliance Day 3 Product starting April 2019."Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, signs with his partners the launch of Ocean Alliance Day 3 Product, which will start in April 2019," said a press release from the shipping group.On the occasion of this announcement, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

(Photo courtesy CMA CGM)

Partners Extend Ocean Alliance to 2027

Partners in the world’s largest operational agreement between shipping companies have agreed to extend their alliance until 2027.The Ocean Alliance, consisting of CMA CGM Group, COSO SHIPPING, Evergreen and OOCL, was launched in 2017 for an initial period of five years with an option for a five-year renewal.The partners confirmed they will extend to the alliance's full 10-year duration, during a signing ceremony in Hainan, China on Thursday.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group…

 Image: MacAndrews

CMA CGM Unifies Containerships and MacAndrews Brands

CMA CGM will retain the only Containerships brand for its intra-European operations, giving up MacAndrews, which had already erased OPDR."Containerships: from April 1st, 2019 a single brand resulting from the union of two experts of intra-European transport CMA CGM reinforces its strategy aimed at densifying its regional coverage to the benefit of its clients," said a press release from MacAndrews.According to the French container transportation and shipping company, by joining the forces of two recognized experts of intra-European multimodal transport…

Image: APM Terminals

Vietnam Welcomes World's Largest Container Ship

CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly organised by CMIT and CMA CGM at the Cai Mep terminal in Ba Ria Vung Tau Province.CMIT…

Image: SEA\LNG

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

Photo: Port NOLA

Port NOLA: Container Record in 2018

The Port of New Orleans (Port NOLA) moved more containers in 2018 than at any time in its history, totaling 591,253 twenty-foot equivalent units (TEUs), up 12.3 percent compared to one year ago. The record marks the fifth year in a row Port NOLA has surpassed the half million TEU-mark at its Napoleon Avenue Container Terminal, which is operated by New Orleans Terminal and Ports America.The arrival in October of the Pusan C, a 9,500-TEU vessel operated by Marsailles, France-based ocean carrier CMA CGM…

 Pic: The Port of New Orleans

Port NOLA Sets Container Record in 2018

The Port of New Orleans (Port NOLA) moved more containers in 2018 than at any time in its history, totaling 591,253 twenty-foot equivalent units (TEUs), up 12.3 percent compared to one year ago.The deep-draft multipurpose port at the center of the world's busiest port system -- Louisiana's Lower Mississippi River said in a press release that the record marks the fifth year in a row Port NOLA has surpassed the half million TEU-mark at its Napoleon Avenue Container Terminal, which…

File Image (CREDIT: CMA CGM)

CMA CGM in Effort to Buy rest of CEVA Logistics Shares

CMA CGM launches 30 Sfr/shr tender offer for CEVA shares; CEVA recommends shareholders decline the offer.ZURICH, Jan 28 (Reuters) - French shipping company CMA CGM on Monday formally launched a cash offer to buy out other shareholders of Ceva Logistics, valuing the Swiss freight forwarder at $1.67 billion as the companies pursue closer ties aimed at fueling growth and savings.CMA CGM, which already controls 50.6 percent of CEVA, and the Swiss company last year began developing a business plan to boost commercial cooperation and complementary services.At the time…

Photo: CMA CGM

CMA CGM Takes Delivery of First LNG-Powered Vessel

The CMA CGM Group, a leading shipping group, has announced its subsidiary Containerships, an expert in Intra-Europe which it acquired in October, took delivery on December 12th of its first container ship powered by liquefied natural gas (LNG), the Containerships Nord.With Containerships, the CMA CGM Group reasserts its ambition for LNGThe 1,400-TEU (Twenty-foot Equivalent Unit) Containerships Nord  is the first of an order for four LNG-powered container ships. The following vessels…

Zvi Schreiber, CEO and founder of Freightos  (Photo: Freightos)

Advancing Digitization in Shipping

CMA CGM becomes the first ocean carrier listed on Freightos. Global freight moves towards the ‘one-stop shopping’ standard.CMA CGM Group and global online freight marketplace company Freightos have established an ambitious pilot agreement whereby CMA CGM has become the first ocean carrier listed on Freightos. Online bookings, guaranteed pricing, and secured capacity on CMA CGM China-US trade lanes are available on the platform, with further extension to additional lanes planned in the near future.For its part…

Pic: CMA CGM

Global Ship Lease Bags New TC with CMA CGM

Containership lessor Global Ship Lease, announced a new time charter with ANL, a wholly owned subsidiary of CMA CGM, for the 2003-built, 2,207 TEU containership GSL Keta (formerly Delmas Keta).The containership charter owner informed that the new charter, commencing on or around November 20, 2018, is for a period of between seven and 10 months (at charterer’s option) at a rate of $8,450 per day, up from $7,800 per day under the preceding charter.The company incorporated in the Marshall Islands has also exercised options to extend the existing charters of the 2002-built…

Image: Mediterranean Shipping Company

Five Container Shipping Gaints Form Digital Collaboration

Five container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express -  intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping industry.IT executives from the shipping groups are currently discussing the creation of common information technology standards which shall be openly available and free of charge for all stakeholders of the wider container shipping industry.“It’s in the customers' and all stakeholders’ best interest…

Image: CMA CGM

Global Ship Lease Sings TC with CMA CGM

UK-based containership lessor Global Ship Lease (GSL) has agreed five-year charters with CMA CGM for the 2015-built, 6,882 TEU containerships UASC Bubiyan and UASC Yas.The containership charter owner said in a release that the new charters, which are in addition to the four similar charters announced on November 9, 2018, will commence upon the expiry of the current charters during the second quarter of 2019, are for a period of five years and are at a rate of $25,910 per day, up from $20…

Pic: CMA CGM

CMA CGM to Accelerate Logistics Strategy with CEVA

French container transportation and shipping company CMA CGM said that by strengthening the partnership with the global logistics supply chain company CEVA Logistics,  it is actively engaging its logistics strategy.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group said: "Our ambitious development project for CEVA was approved by its Board of Directors. Subject to approval from the regulatory authorities, this project will accelerate CEVA’s transformation…

Rodolphe Saade, CEO. Photo: CMA CGM

CMA CGM Reports Higher Volumes and Revenue

French container shipping group CMA CGM third quarter results outperformed the industry,  with significant increases in revenue and volume.The global transporting company said in a stock exchange annoucement that its volumes have risen 5.5 percent and revenue is up 6.3 percent compared to the third quarter in 2017. The group's net income was $103.1 million.CMA CGM’s Chief Executive Rodolphe Saade had said he expected a strong third-quarter, helped by brisk China-U.S. shipments…

Pic: CMA CGM

CMA CGM Wins Award for Most Accomplished Asia Pacific Ship Owner

The CMA CGM Group has been awarded the Most Accomplished Asia Pacific Ship Owner Award 2018 at the Maritime2020 Summit, which was held in Singapore on November 27, 2018.The French container transportation and shipping company said that this award recognizes the shipowner who demonstrates the greatest efforts to make its fleet more sustainable, efficient and environmentally friendly.Mathieu Girardin, Vice President CMA CGM Asia regional Office, received the award on behalf of the…

Pic: CMA CGM

CEVA Logistics Acquires CMA CGM Log

CMA CGM is selling its freight management company CMA CGM Log for $105 million to the Swiss company CEVA Logistics. Recently CMA CGM has acquired a 30% stake in Ceva Logistic. CEVA will remain an independent and standalone listed company. This strategic partnership is aligned with CMA CGM's strategy to offer end-to-end logistics solutions to its customers, pioneering the development of integrated logistics solutions, while retaining an arm's length business relationship with CEVA.The…

File Image: CREDIT CMA CGM

CMA CGM, Freightos Ink Digitization Pact

CMA CGM becomes the first ocean carrier listed on Freightos; direct digital sales, booking, and shipment management on CMA CGM key transpacific trade lanes now available on Freightos.The CMA CGM Group, a worldwide leading shipping group, and Freightos, the world’s online freight marketplace, are pleased to announce they have signed an ambitious pilot agreement whereby CMA CGM has become the first ocean carrier listed on Freightos. Online bookings, guaranteed pricing, and secured capacity on CMA CGM China-US trade lanes are available on the platform…

Map: CMA CGM

CMA CGM Improves NOURA Service

CMA CGM announced the service improvement connecting Middle East to East Africa, in the effort to maintain a high service reliability and punctuality with our lead product NOURA service.Effective from M/V CMA CGM MANET voyage Jebel Ali  today (January 3), direct product with a comprehensive coverage of East Africa and Indian Ocean markets, Noura service will benefit of a 6th sister ship of 2,200 TEU to address the recurrent port congestion.Mombasa is added in the port coverage to permit significant service improvement for Asia cargo bound to Somalia and transiting via Kenya hub, said a press n