CMA CGM’s Earnings Drop as Fuel Prices Continue Rising

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November 26, 2018 French container shipping giant CMA CGM has witnessed a steep drop in its earnings as fuel prices continued rising in the third quarter of 2018. The company’s net income stood at USD 103.1 million, falling by 68.1 percent from USD 323.3 million reported in the same period a year earlier. However, revenues increased by […]

CMA CGM to Continue Pursuing Acquisitions

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September 7, 2018 French container shipping company CMA CGM plans to continue to look for acquisition opportunities after its plans for merging with German rival Hapag-Lloyd fell through, Reuters reports. Speaking on the sidelines of yesterday’s inauguration of the company’s new flagship, the 20,600 TEU CMA CGM Antoine de Saint Exupery, in the Port of le Havre, the company’s […]

OCEAN Alliance Starts Ploughing the Seas

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April 3, 2017 CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line (OOCL) launched the forty new services through the OCEAN Alliance on Saturday, April 1. The OCEAN Alliance comprises a total of 323 ships with an estimated total carrying capacity of over 3 million TEUs, and will run for the next ten […]

CMA CGM Ship Catches Fire off Spain

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March 28, 2017 The 9,415 TEU containership CMA CGM Fidelio caught fire while it was sailing off the coast of Ibiza, Spain on March 24, a representative of the vessel’s owner, the French shipping giant CMA CGM, confirmed. The fire, which started in the back of the ship at 4 am, was soon extinguished and […]

2M Partners Up Asia-Europe, Transpacific Offer

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February 13, 2017 Danish shipping giant Maersk Line and Mediterranean Shipping Company (MSC) have decided to add two new services to the existing 2M network to accommodate the incoming volumes as a result of slot purchase agreements with Hyundai Merchant Marine and Hamburg Süd. Maersk Line said that the Asia – North Europe trade will […]

BREAKING: CMA CGM Turquoise Attacked, Two Crew Kidnapped

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April 13, 2016 A containership owned by the French shipping major CMA CGM has been attacked by pirates off Nigeria, who are reported to have kidnapped two crew members. Read More

CMA CGM Compromising to Get EU’s Nod on NOL Takeover

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April 11, 2016 French liner giant CMA CGM submitted on Thursday a filing to the European Commission that is said to contain concessions expected to ensure the antitrust approval of its USD 2.4 billion takeover of Singaporean counterpart Neptune Orient Lines, data on the European Commission website shows. Read More

HMM, FESCO and CMA CGM Launch Joint CRS Loop

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March 28, 2016 South Korean liner Hyundai Merchant Marine (HMM) has teamed up with Russia’s FESCO and French CMA CGM on a new China-Korea-Russia weekly service, under the name ‘China Russia South Service’ (CRS). Read More

CMA CGM Expands West African Services

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March 18, 2016 French container shipping major CMA CGM has upgraded its services linking the West African coast to Europe, Asia, Middle East and India as a part of the company’s new strategy in the West African region. Read More