CMA CGM Says it has Sufficient Security to Operate in Persian Gulf

By Sudip Kar-Gupta AIX-EN-PROVENCE, France, July 7 (Reuters) - CMA CGM, the world's fourth biggest shipping company, said it has sufficient security measures in place to continue operating in the Persian Gulf region even as concerns mount over a possible dispute between Iran and major world powers. The Persian Gulf is a key route for oil tankers, while container shipping … [Read more...]

Shipping Firms Drop British Flag as Brexit Risks Loom

By Jonathan Saul LONDON, July 2 (Reuters) - Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say. All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. … [Read more...]

CMA CGM to Have 20 LNG-Powered Containerships by 2022

French shipping giant CMA CGM will have taken delivery of 20 LNG-fueled containerships by 2022 as the world’s fourth largest carrier seeks to cut its carbon footprint. Marking the occasion of last week's World Environment Day, CMA CGM said that since 2015 it has cut CO2 emissions per container transported per kilometer by 17 percent, in line with it’s goal of around 30 … [Read more...]

CMA CGM Upbeat on Growth Despite Tariff Slowdown

PARIS, May 29 (Reuters) - Shipping giant CMA CGM expects volumes to continue growing this year as increasing activity from southeast Asia towards the United States helps make up for the slowing China-U.S. trade that dragged on its first quarter. French-based CMA CGM, the world's fourth-largest container shipping firm, reported on Wednesday a first-quarter net loss of $43 … [Read more...]