Posted on

AD Ports Group and CMA CGM invest in new terminal at Khalifa Port

AD Ports Group and France-based CMA CGM Group have announced the signing of a 35-year concession agreement. Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the GCC region, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA …

Continue reading "AD Ports Group and CMA CGM invest in new terminal at Khalifa Port"

Posted on

Kribi Conteneurs Terminal inaugurates direct Asia-Africa line

Kribi Conteneurs Terminal (KCT) welcomed the CMA CGM Cendrillon ship on 17 August 2020. Measuring 334 metres long and with a capacity of 8,645 TEUs, the vessel inaugurated the direct Asia-Africa (ASAF) line at the Kribi deep-water port. Through the service, and in partnership with Maersk and Nile Dutch, CMA CGM will extend the reach …

Continue reading "Kribi Conteneurs Terminal inaugurates direct Asia-Africa line"

Posted on

CMA CGM completes first transaction relating to the sale of eight port terminals for USD 815 million in cash

The CMA CGM Group has announced the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link, 51% owned by CMA CGM and 49% by CMP. In line with the agreement announced on 20th December 2019, the first transaction represents USD 815 …

Continue reading "CMA CGM completes first transaction relating to the sale of eight port terminals for USD 815 million in cash"

Posted on

CMA CGM completes the acquisition of CEVA Logistics

The French shipping company CMA CGM has announced the completion of the tender offer to acquire the Dutch company CEVA Logistics, holding 97.89% of its outstanding shares. CMA CGM now has the capacity to supply all its customers around the world with a solution covering the entire supply chain, in particular LCL, airfreight, purchase order …

Continue reading "CMA CGM completes the acquisition of CEVA Logistics"

Posted on

CMA CGM merges Containerships and MacAndrews into a new structure

French shipping company CMA CGM has announced the union of its Containerships and MacAndrews brands under the unique Containerships brand. This new alliance combines 26 maritime and 8 domestic services through a fleet of 32 vessels and 700 trucks. The new entity will be able to generate new synergies and focus on business development and …

Continue reading "CMA CGM merges Containerships and MacAndrews into a new structure"

Posted on

Christine Cabau Woehrel leaves her post as CEO of the Marseille Fos port authority

After having spent 5 years at the head of the Management Board of the port of Marseille Fos, Christine Cabau Woehrel will leave her position as CEO with effect from March 12,2019. She will then join the CMA-CGM shipping company, where she had already held several positions between 1987 and 2011, to become director of …

Continue reading "Christine Cabau Woehrel leaves her post as CEO of the Marseille Fos port authority"

Posted on

Inauguration of the CMA-CGM Antoine de Saint Exupéry container ship

With Bruno Le Maire (French Minister for Economic Affairs and Finance), Elisabeth Borne (Transportation Minister) as well as the CEO of the CMA-CGM group Rodolphe Saadé, the inauguration of the Antoine de Saint Exupéry container ship recently took place in the port of Le Havre. This cargo with exceptional dimensions (400m long, 59m width and …

Continue reading "Inauguration of the CMA-CGM Antoine de Saint Exupéry container ship"

Posted on

Jacques R. Saadé, Founding President of the French group CMA-CGM, has passed away

Jacques R. Saadé, the Founding President of the CMA-CGM Group, a global shipping giant, has passed away on the 24th of June at the age of 81. After leaving Lebanon with his family during the Civil War, Jacques R. Saadé founded the Compagnie Maritime d’Affretement (CMA) 40 years ago, on 13 September 1978. He began with …

Continue reading "Jacques R. Saadé, Founding President of the French group CMA-CGM, has passed away"