28805 members and growing – the largest networking group in the maritime industry!

LoginJoin

Monday, October 26, 2020

Cma Cgm News

Sam Ruda, Director, Port NY/NJ. Image courtesy Port NY/NJ

Interview: Sam Ruda, Director, Port of NY/NJ

Ports are economic engines for the regions they serve, and the impact from business activities at the Port of New York/New Jersey runs as big as the area it serves: 46 million consumers in a four-hour radius. The port is an economic giant in and of itself, providing for nearly a half a million jobs, a cumulative $35 billion in personal income and a cumulative $98 billion in business income. Sam Ruda, Director, Port NY/NJ, discusses a record 2019, continued investment in infrastructure…

© sheilaf2002 / Adobe Stock

FMC Grants Temporary Relief Requested by CMA CGM

The U.S. Federal Maritime Commission voted to grant the temporary relief sought by CMA CGM from certain service contract and tariff filing requirements following last month's cyber attack affecting the carrier's servers.Earlier this month, the French shipping company sought relief from Commission regulations as part of its efforts to respond to a malicious cyberattack it experienced in September.The Commission said Wednesday it granted the request for exemption from relevant service contract filing requirements and relevant tariff publishing requirements.

(Photo: CMA CGM)

CMA CGM Resumes Online Services After Cyber Attack

CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity.France-based CMA CGM first reported the incident on September 28, saying it had shut down access to its online services after malware targeted its peripheral servers.“The CMA CGM Group’s e-commerce sites are once again live with all their main functionalities up and running,” the company said in a statement on Sunday. “Applications and essential functionalities are now operational and secured.”In a separate incident, U.N.

(Photo: Port of New York & New Jersey)

FMC Considering CMA CGM Petition Following Cyber Attack

The U.S. Federal Maritime Commission (FMC) said it is considering a petition filed by French container shipping group CMA CGM requesting temporary exemption from certain filing requirements following last month's cyber attack affecting the carrier's servers.In its petition, CMA CGM and affiliated companies seek an exemption from certain tariff publications and service contract filings that were impacted by the recent cyber attack, FMC said, adding it will accept public comments on the request through October 15.CMA CGM…

© Val Traveller / Adobe Stock

CMA CGM Suspects Data Breach from Cyber Attack

CMA CGM suspects a cyber attack affecting its servers led to a data breach, the global shipping line said on Wednesday as it continued to restore online services."We suspect a data breach and are doing everything possible to assess its potential volume and nature," it said in a statement.CMA CGM, the world's fourth-largest container shipping company, first reported the incident on Monday, saying it had shut down access to its online services after malware targeted its peripheral servers.The group's e-business website remained unavailable, with customers directed to alternative channels, but ba

© VanderWolf Images / Adobe Stock

CMA CGM Says Operations Functioning Normally After Cyber Attack

French container shipping company CMA CGM Group said Tuesday that its maritime and port operations were functioning normally after a cyber attack hit its servers on Monday."All communications to and from the CMA CGM Group are secure, including emails, transmitted files and electronic data interfaces (EDI)," it said in a statement, adding that its booking functionalities are up and running.CMA CGM is offering alternative access for customers after making its e-business website unavailable on Monday in order to prevent the spread of malware…

© eyewave / Adobe Stock

CMA CGM Hit by Cyber Attack

Container shipping group CMA CGM said on Monday it is dealing with a cyber attack impacting its peripheral servers.The attack did not concern the systems of its subsidiary CEVA Logistics, it added in a statement.CMA CGM said external access to its IT applications was made unavailable to prevent the malware from spreading while its IT teams work to resolve the incident.The French-based firm later said in an update that access to the group's information systems is gradually resuming…

The CMA CGM Brazil, a 15,000 TEU container vessel spanning 1,200 feet in length, sailed into Charleston's harbor Sept. 20. The ship - the largest to ever visit the East Coast, and Charleston harbor - was able to enter Charleston's harbor due to its maintained and deepened channels. (Photo: Dennis Franklin)

Charleston Will be the Deepest Harbor on the US East Coast

This September, the U.S. Army Corps of Engineers, Charleston District awarded the final two dredging contracts on its harbor deepening project, which will make Charleston’s harbor the deepest on the East Coast.The contract awards also coincided with the arrival September 20 of the CMA CGM Brazil, a 15,072-TEU containership stretching 1,200 feet long, and the largest containership to ever call on the East Coast and Charleston harbor.Charleston was the last stop on its East Coast itinerary…

© Thatsarpars / Adobe Stock

CMA CGM to Invest in Dubreuil Aero in Logistics Push

Shipping group CMA CGM has agreed to buy a 30% stake in French airline company Groupe Dubreuil Aero as it continues to extend its presence in non-maritime transport.CMA CGM, the world's fourth-largest container shipping firm, said in a statement on Wednesday that it would acquire the stake through a capital increase and acquisition of ordinary shares and would obtain two seats on the board of Dubreuil Aero.CMA CGM's investment would total 70 million euros and it hoped the deal would be finalised before the end of the year…

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Delivered

The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…

CMA CGM Tenere (Photo: Eastern Pacific Shipping)

World's First LNG-powered Very Large Containership Delivered

Hyundai Samho Heavy Industries has delivered the world's first very large containership powered by liquefied natural gas (LNG) to Singapore's Eastern Pacific Shipping (EPS), the South Korean shipbuilder announced Wednesday.The LNG-powered, 14,800 twenty-foot equivalent unit (TEU) capacity CMA CGM Tenere is one of six containerships in a series being built for EPS by Hyundai Samho, a unit of shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. The six neo-Panamax box…

© sheilaf2002 / Adobe Stock

CMA CGM Sees Strong Shipping Rebound After Coronavirus Storm

Container shipping group CMA CGM on Friday reported higher second-quarter profits and said it expects results to improve again in the current quarter as the shipping sector recovers quickly from disruption caused by the coronavirus pandemic.French-based CMA CGM recorded a net profit of $136 million for the second quarter compared with a year-earlier $109 million loss.Core earnings before interest, tax, depreciation and amortisation rose 26% to $1.2 billion as favourable freight rates and reduced costs, linked to lower oil prices and an efficiency programme, offset a drop in sales caused by the

Atit Mahajan (Image: CMA CGM)

Mahajan Named Managing Director of CMA CGM India

French container shipping company CMA CGM Group said it has appointed Atit Mahajan as managing director for CMA CGM India, effective August 1.A qualified chartered accountant with 18 years' experience in strategy, finance and cost management roles, Mahajan was most recently Chief Financial Officer, CEVA Logistics India Pvt. Ltd and was previously Chief Operating Officer, LCL Logistix, both subsidiaries of the CMA CGM Group. In the past, Mahajan has also been part of the CMA CGM…

© Fotokon / Adobe Stock

Beirut Container Terminal Resumes Operations

Container lines have resumed calls to Beirut after last week's explosion, with the terminal having sustained only minor damage, leading companies said on Tuesday.The August 4 blast in Beirut's port, which killed more than 160 people and injured 6,000 more, demolished entire neighborhoods of Lebanon's capital in seconds.Container lines diverted ships to Lebanon’s smaller port of Tripoli to keep vital supply lines running."We are glad to advise that the container terminal suffered only minor damage and it has restarted operations…

© dbvirago / Adobe Stock

CMA CGM Says Missing Beirut Staff Member Died

Container shipping group CMA CGM said on Thursday that one of its staff who was missing after an explosion that ripped through Beirut port on Tuesday has died.The French-based company in a statement said that two of its staff in Beirut were seriously injured and many slightly hurt.It also confirmed that it was setting up a logistics hub in the Lebanese port of Tripoli, like other shipping firms, and was also offering logistical assistance to the authorities.(Reporting by Gus Trompiz; Editing by Jon Boyle)

(Photo: Port of Rotterdam Authority)

Port of Rotterdam to Trial PIN-free Container Handling

This week, various parties in Rotterdam will be launching a new pilot project, in which containers are handled and released without a PIN code: a widely used verification method in this transport segment. The project revolves around a new application, Secure Container Release, which replaces the PIN code with a digital signal: a solution that is significantly less susceptible to fraud. It is not only intended to make container handling more efficient, but also safer. Participants in the three-month trial include CMA CGM…

© Kara / Adobe Stock

CMA CGM Halts Timber Exports from Gambia Over Rosewood Risk

Shipping group CMA CGM said on Wednesday it was suspending timber exports from Gambia due to suspected trafficking of rosewood in the West African country.Demand for furniture in China has led to widespread felling of rosewood in West Africa in recent years, despite the variety being protected under the United Nations' Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)."Following several suspicions that undeclared rosewood may have been part of cargo shipments from Gambia, the group has decided to halt its timber exports from the country until further notic

Photo: CMA CGM

COVID-19: CMA CGM Launches the Business Continuity Pack

As the COVID-19 pandemic affects all sectors of the world economy, the CMA CGM Group is taking action by launching the Business Continuity Pack, a range of solutions to adapt and protect the supply chains of its customers.Business Continuity Pack: a new global range of adapted solutions during the COVID-19 pandemicWith the Business Continuity Pack, the CMA CGM Group provides comprehensive and customized solutions to:Adjust the pace of shipments by prioritizing the fast transportation of urgent shipments…

© Kara / Adobe Stock

CMA CGM Aims to be Carbon Neutral by 2050

French-based CMA CGM, the world’s fourth-largest container shipping group, said on Tuesday it would aim to become carbon neutral by 2050.The company, headquartered in the Mediterranean port of Marseille, also announced in a statement a target for 10% of its energy supplies to be made up of alternative fuels by 2023.CMA CGM, which was citing objectives set out by Chairman and Chief Executive Rodolphe Saade during a United Nations conference, is following market leader Maersk in aiming to reduce its net carbon emissions to zero by 2050.The French group…

(Photo: Port of Oakland)

Brandes to Lead Port of Oakland

Longtime shipping industry executive Bryan Brandes has been named Maritime Director at the Port of Oakland. The port said today he was selected following a nationwide search. Brandes, a 25-year maritime veteran, replaces John Driscoll who left to manage the Alabama State Port Authority.Brandes will lead a staff of 20 responsible for one of the nation’s 10 largest container seaports. Oakland’s Maritime Director oversees everything from facilities management to real estate negotiations.“Bryan is coming in at a crucial time for us and we’re eager to put his skill and industry experience to work…

© Wolfgang / Adobe Stock

SeaMar Awarded Agency Contract from CMA CGM

Frensh shipping company CMA CGM Group has awarded SeaMar with a contract to act as its agent in Port of Amsterdam during the maintenance and repair project of their container ships CC Cayenne, CC Marseille and CC St. Laurent at Damen Shiprepair & Conversion starting end of June 2020.SeaMar said its team will support the containerships during their stay in Amsterdam with full agency and logistic services for both vessel and crew.The CMA CGM Group is a world leader in shipping and logistics. Its 502 vessels serve more than 420 ports on five continents around the world.

© Tupungato / Adobe Stock

CMA CGM to Impose Emergency Surcharge at Cape Town Port

CMA CGM, the world's fourth-largest container shipping line, will impose emergency congestion surcharges at Cape Town port in July due to disruptions caused by the coronavirus, it has told customers.From July 1 until further notice, it will impose a surcharge of $550 for 20-foot containers and reefers and a $1,100 surcharge for 40-foot containers and reefers, CMA said in the letter dated June 17 that was seen by Reuters.Western Cape province, which includes Cape Town, is the epicenter of South Africa's coronavirus outbreak…

© Marek Slusarczyk / Adobe Stock

CMA CGM Takes $1.1 Bln Loan

Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade.The loan, secured from a consortium of banks comprising BNP Paribas, HSBC and Société Générale, has an initial one-year maturity and an extension option of up to five years, Marseille-based CMA CGM said in a statement on Wednesday.France is offering guarantees to support billions of euros in loans for French companies to help them survive the economic fallout fro

© dbvirago / Adobe Stock

CMA CGM Sees Shipping Bottoming Out in Q2

CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from coronavirus-related lockdowns and ship operators adjust capacity, the France-based group's finance chief said.The world's fourth-largest container shipping line had anticipated a 15% year-on-year drop in its volumes in the second quarter, after a 4.6% decline in the first quarter, Chief Financial Officer Michel Sirat said."I think that the second quarter will be the low point," he told Reuters by telephone.

(Photo: Hapag-Lloyd)

Hapag-Lloyd Keeps 2020 Guidance

German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions and weaker demand due to the coronavirus crisis may lead to a revision of its forecast in the second half of 2020.The number five in worldwide container shipping, Hapag-Lloyd reported lower core profits in the first quarter on higher fuel costs and a devaluation of bunker stocks at the end of the period, when oil prices began to fall in a demand slump.The developments masked a positive impact from higher transport volumes - which increased by 4.3% to over 3 million 20-foot

© miraswonderland / Adobe Stock

CMA CGM Completes Sale of Eight Terminals

CMA CGM said on Thursday it has completed the sale of stakes in eight port terminals for $815 million to its joint venture with China Merchants Port Group.Late last year, CMA CGM reached a deal with China Merchants to sell stakes in 10 port terminals to the companies' Terminal Link venture for $968 million, as part of efforts by CMA CGM to finance its acquisition of Swiss-based CEVA Logistics and reduce group debt.The first eight terminals included in the transaction are Odessa Terminal (Ukraine)…