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Wednesday, October 16, 2019

Maritime Logistics Professional

March 13, 2019

CMA CGM to Form JV with Ethiopia's MACCFA

File Image: CREDIT CMA CGM

File Image: CREDIT CMA CGM

French shipping company CMA CGM has signed a letter of intent to form a new joint venture with Ethiopian company MACCFA and to manage Ethiopia's Modjo port, according to a document made available by the French President's Elysee department.

Marseille-based CMA CGM, one of the world's largest container shipping lines, recently became the core shareholder in Ceva Logistics, with the company looking to expand in non-maritime freight services.


Reporting by John Irish