French shipping giant CMA CGM has signed up to become the first ocean carrier listed on the online freight marketplace Freightos. CMA CGM described the move as landmark agreement that advances digitization within the global shipping industry. Under the pilot agreement, CMA CGM will offer online bookings, guaranteed pricing, and secured capacity on CMA CGM China-US trade … [Read more...]
Seeing No Trade War Hit, CMA CGM’s Volumes rise
By Gus Trompiz PARIS, Nov 23 (Reuters) - French container shipping group CMA CGM said its third-quarter volumes had outperformed the industry, supported by brisk trans-Pacific activity that suggested no negative impact so far from U.S.-Chinese trade tensions. CMA CGM's quarterly volumes reached 5.26 million twenty-foot equivalent (TEU) containers, up 5.5 percent from the … [Read more...]
CMA CGM Sticks to Controversial Bunker Surcharge, and Raises the Price
By Mike Wackett (The Loadstar) - CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA CGM at $55 per … [Read more...]
France’s CMA CGM Offers to Buy Out Other Ceva Shareholders
By Gus Trompiz and Sudip Kar-Gupta PARIS/ZURICH, Oct 25 (Reuters) - French shipping group CMA CGM will offer to buy out other shareholders of Ceva Logistics in a move to reinforce its partnership with the Swiss transport company, possibly resulting in it gaining majority control. CMA CGM, which already owns around a third of Ceva's share capital, said it would launch a … [Read more...]
MAIB Says Lack of Communication to Blame for CMA CGM Centaurus Hitting Pier Wall in Jebel Ali
The UK Marine Accident Investigation Branch has released its report on the UK-registered CMA CGM Centaurus' heavy contact with the pier and two shore cranes during its arrival under pilotage at Jebel Ali last year. The accident resulted in the collapse of a shore crane and 10 injuries, including one serious injury, to shore personnel. Video of the accident was captured on … [Read more...]