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CMA CGM Upgrades its Round the World PANAMA DIRECT Service
The new PANAMA DIRECT WEEKLY service will offer an extensive coverage of the trade with 20 ports of call CMA CGM announces the upgrade of its Round the World PANAMA DIRECT service from a fortnightly to a weekly frequency, as from September 18th, 2013. Thanks to its integration in CMA CGM global network, this upgraded […]
Asia-Europe \ CMA CGM \ Establish \ Maersk Line \ marine news \ MSC \ Operational Alliance \ P3 Network \ Trans-Atlantic. \ Trans-Pacific
CMA CGM, Maersk Line and MSC to Establish an Operational Alliance
CMA CGM, Maersk Line and MSC to Establish an Operational Alliance CMA CGM, Maersk Line and MSC Mediterranean Shipping Company SA have agreed to establish a long-term operational alliance on East – West trades, called the P3 Network. The aim is to improve and optimize operations and service offerings. The P3 Network will operate a […]
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CMA CGM Releases First-Quarter 2013 Results
The Board of Directors of France’s CMA CGM, the world’s third largest container shipping group, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the three months ended 31 March 2013. Consolidated revenue rose by 6% in the period cialis uk , to $3.8 billion […]
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CMA CGM Launch Three new Joint Services
CMA CGM announces the launching of three new joint services and the reshuffling of its Asia – South America East Coast services In view of continuous challenging trading conditions effective from July 2013 CMA CGM, Maersk Line, Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin will restructure their services between the Far East and South […]
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Reinitiate Piracy Meetings to Keep Focus on Piracy
Leading container lines reinitiate piracy meetings to keep focus on piracy CMA CGM, MSC, Maersk Line and Hamburg Süd representing 40 percent of the world container shipping industry have met to discuss the piracy threat towards international shipping. The meeting focused on piracy in the Gulf of Aden, the Indian Ocean and West Africa. The […]
CMA CGM \ marine news \ Red Sea markets \ REX 2 service \ REX 3 service \ Stéphane Courquin
CMA CGM to Launch REX 3 service from Asia to South Red Sea
CMA CGM announces the launching of the REX 3 service from Asia to South Red Sea CMA CGM announced the launching of a new fixed day weekly service on the Asia – Red Sea route, the REX 3 service, on May 2nd, 2013. Complementing the existing REX 2 service, which focuses on Red Sea Northern […]
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Travel aboard the CMA CGM MARCO POLO
The CMA CGM Group proposes to board its flagship CMA CGM MARCO POLO for an original and genuine experience CMA CGM, the world’s third largest container shipping Group and France’s leading, has the pleasure to announce that passengers cabins are now available on board the CMA CGM MARCO POLO, the world’s largest containership of 16 […]
China Merchants \ CMA CGM \ French Fonds \ marine news \ Rodolphe Saadé \ Yildirim Group
CMA CGM has finalized its financial restructuring launched last year
CMA CGM announce that it has now finalized its major financial restructuring launched less than a year ago: Closing of the agreement with its Banks regarding its debt restructuring. This agreement provides for a new covenant package taking into account the industry’s volatility and a partial refinancing of a credit line maturing in 2013 into […]
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CMA CGM and China Merchants Holdings to Become Partners
CMA CGM and China Merchants Holdings (International) Company Limited (“CMHI”) are pleased to announce that on 25th January 2013, they have signed the Share Purchase Agreement regarding the sale of 49% equity interest in Terminal Link for € 400 million. Following some pre-closing reorganization, the transaction is expected to complete within the first half of […]
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CMA CGM receives the highest score on compliance and safety of its fleet
In January 2013, the Group-owned CMA CGM fleet was rewarded by state ports (Port State Control), the highest score for its fleet in recognition of the fleet’s compliance with international regulations regarding safety at sea, technical / regulatory compliance and pollution prevention. For this ranking, port national authorities verify the state of vessels, the level […]