The French shipping Group CMA CGM has announced this week that it is acquiring Containerships, the Finnish company specializing in the Intra-European container shipping. According to the agreement signed on 20 June 2018 by CMA CGM and Container Finance Ltd Oy, the current owner of Containerships, the entire shipping, harbour and terminal holdings of Container […]
Djibouti discusses with CMA CGM the development of a new container terminal at an initial cost of USD 660 mln, informs Reuters. Speaking on the sidelines of the Africa CEO Forum in Abidjan, Ivory Coast, on Tuesday, March 27, Aboubakar Omar Hadi, Chairman of the Djibouti Ports and Free Zone Authority (DPFZA), told Reuters that […]
The Suez Canal Authority signed a Memorandum of Understanding (MoU) with the French company CMA CGM Group to operate the new container terminal at East Port Said Port, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish said yesterday, informs Egypt’s State Information Service. As we wrote earlier this […]
The CMA CGM Group completed the sale of its 90% equity interest in Global Gateway South terminal (GSS) at the port of Los Angeles, United States, informed the company on December 01, 2017. The stake was acquired by the infrastructure investment consortium – EQT Infrastructure III and its partner P5 Infrastructure – for an enterprise […]
According to analysts at Alphaliner, the newbuilds recently ordered by MSC and CMA CGM could result in a larger capacity than the initially announced 22,000 TEU, reports The Loadstar. 9 vessels, which China State Shipbuilding Corporation will build for CMA CGM with delivery in 2020, and 11 vessels, which MSC ordered to Korea’s Samsung Heavy […]
CMA CGM has announced it reached a binding agreement with Maersk Line to acquire Mercosul Line, a leading player in Brazil’s domestic container shipping market. Earlier this year, Maersk Line declared the intention to sell its Brazilian cabotage carrier in order to remove any possible concerns from competition regulators over its acquisition of German shipping […]
Last Thursday, 4 May, while berthing at Terminal 1 in Jebel Ali Port, Dubai, the CMA CGM Centaurus containership of 11,388 TEU capacity collided with the quay wall striking the leg of an STS crane causing it to fall and injuring 10 people. A second crane was also shifted off its rails during the incident but remained upright […]
French shipping group CMA CGM and Indian port developer Adani Ports and Special Economic Zone (APSEZ) yesterday signed a joint venture agreement to operate a new container terminal (CT4) at Mundra Port, in the Indian state of Gujarat, CMA CGM reports. The agreement implies a joint running of the facility by APSEZ and CMA CGM’s […]
Today at its Board of Directors’ meeting, the Hellenic Republic Asset Development Fund (HRADF), Greece’s body responsible for the state assets privatization, has determined the winner of the tender for the concession of Thessaloniki port. It is the consortium formed by Terminal Link (port operating subsidiary of French shipping line CMA CGM), German private equity […]
French shipping group CMA CGM and Singapore-based global container terminal operator PSA International have launched today Phase 2 of their container terminal in Singapore, thus doubling its capacity, announces the companies’ joint news release. In June 2016, a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) was set up by CMA CGM and PSA […]
