CMA CGM

CMA CGM plans to be carbon neutral by 2050

CMA CGM’s CEO, Rodolphe Saadé announced that the company plans to have its energy supplies include 10% alternative fuels by 2023. He also informed that it plans to be carbon neutral by 2050.

CMA CGM acquires $1.1billion government-backed loan

Supported from the French government, CMA CGM landed a loan facility worth $1.1 billion, giving it more cash on hand as it struggles with the global decline in containerized cargo due to COVID-19. 

CMA CGM vessel changes route to avoid Suez Canal tolls

An ultra-large containership belonging to CMA CGM is bypassing the Suez Canal while returning to Asia, adding about 3,000 miles and five days to the journey as impacts of COVID-19 and low oil prices ripple across the supply chains.

Terminal acquisitions by CMA CGM, CMPorts approved by EU

The European Commission informed that it has approved the acquisition of CMA CGM Port Terminals, based in France, and Terminal Link Holding, based in Singapore, by CMA CGM and China Merchants Port Holdings Company (CMPorts). 

CMA CGM teams up with Energy Observer on hydrogen

CMA CGM is teaming up with Energy Observer, the first hydrogen-powered vessel to embark on a round-the-world voyage, sharing the common goal of a zero-emissions shipping industry. The Energy Observer project was the world’s first hydrogen-powered vessel, which was a former race boat powered with autonomous navigation with hydrogen. 

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