By Gus Trompiz PARIS, Dec 4 (Reuters) - Container shipping firm CMA CGM will use the French Mediterranean port of Marseille for refuelling some of its planned gas-powered vessels, backed by a supply partnership with energy group Total. Total will supply liquefied natural gas (LNG) and a refuelling barge to enable CMA CGM to refuel LNG-powered vessels at the Marseille-Fos hub … [Read more...]
Landmark Marine Biofuel Trial Hailed a Success
A first-of-its kind biofuel trial on board a modern containership operating on the key North Europe-Asia trade route has returned promising results, potentially laying the the foundation for shipping's decarbonization. Partners in the trial, IKEA Transport & Logistics Services, CMA CGM, and the GoodShipping Program, have announced the successful completion of the 2019 … [Read more...]
CMA CGM to Raise $2 Billion for CEVA Logistics Takeover
By Gus Trompiz PARIS, Nov 25 (Reuters) - Shipping group CMA CGM said it planned to raise $2 billion to help finance its takeover of CEVA Logistics, with half the cash coming from selling port assets to its joint venture with China Merchants Port Holdings Co. . France-based CMA CGM, the world's fourth-largest container shipping company, bought CEVA this year to expand in land … [Read more...]
Joining CMA CGM, Hapag-Lloyd Rules Out Northern Sea Route Passages
Hapag-Lloyd has ruled out sending its ships through the Northern Sea Route for the foreseeable future despite faster transit times, joining rival CMA CGM in shunning Arctic shipping due to heightened environmental risks. Hapag-Lloyd’s Senior Director Sustainability, Jörg Erdmann, says the company has no plans to send ships through the Arctic shipping until it can guarantee … [Read more...]
World’s First LNG-Powered ‘Megaship’ Launched in China
The world’s first ultra-large containership to be powered by liquefied natural gas was launched in China this week. CMA CGM JACQUES SAADE is the first of nine French-flagged LNG-powered containerships with 23,000 teu capacity for French shipping giant CMA CGM. A launching event for the vessel took place this week at Shanghai Jiangnan-Changxing Shipyard attended by … [Read more...]