Monday, December 2, 2019
Monday, November 25, 2019
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...
Monday, October 7, 2019
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...
Wednesday, September 25, 2019
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...
Friday, September 6, 2019
Tuesday, September 3, 2019
China Merchants in Talks to Invest in CMA CGM Port Assets
By Bloomberg News – (Bloomberg) –China Merchants Group is in talks to invest in port assets owned by French shipping company CMA CGM as the state-owned firm seeks to diversify...
Friday, August 23, 2019
CMA CGM Rules Out Northern Sea Route for its Fleet
CMA CGM has ruled out using the Northern Sea Route for trade between Asia and Europe despite it being navigable during much of the year due to climate change. The...
Sunday, July 7, 2019
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...
Tuesday, July 2, 2019
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...
Wednesday, June 12, 2019
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...
Wednesday, May 29, 2019
Friday, April 5, 2019
Iconic Shipping Brand MacAndrews Consigned to History Books After 249 Years
By Mike Wackett (The Loadstar) – MacAndrews has become the latest iconic shipping name to be consigned to the history books. CMA CGM has lost no time in establishing recently...
Tuesday, March 26, 2019
CMA CGM Orders Ten Ultra-Large Containerships in China
CMA CGM has signed a agreement for the order of ten new ultra-large containerships with China State Shipbuilding Corporation with delivery from 2021. The new containerships will be 366 meters...
Tuesday, March 12, 2019
CMA CGM Partners with IKEA to Test Marine Biofuel On Board Containership
The logistics arm of retail giant IKEA has teamed up with French shipping group CMA CGM and others to test the use of sustainable marine bio-fuel oil on board a...
Friday, March 1, 2019
CMA CGM Books Record Revenue But Soaring Oil Prices Hit Earnings
PARIS, March 1 (Reuters) – French container shipping group CMA CGM booked record revenue in 2018 as trans-Pacific goods traffic remained buoyant despite U.S.-Chinese trade tensions, but soaring oil prices...
Tuesday, February 12, 2019
CMA CGM Aims for Ceva Logistics Breakeven in 2019 as it Takes Control
PARIS, Feb 12 (Reuters) – CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a...
Monday, January 28, 2019
CMA CGM Launches Offer to Buy Rest of CEVA Logistics Shares
By John Miller – ZURICH, Jan 28 (Reuters) – French shipping company CMA CGM on Monday formally launched a cash offer to buy out other shareholders of Ceva Logistics, valuing...
Wednesday, December 5, 2018
CMA CGM Signs Up for Freightos Online Booking Platform
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...
Friday, November 23, 2018
Tuesday, November 6, 2018
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...
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