Tag: CMA CGM

Bureau Veritas Classes Largest Containership in the World

World s largest containership enters Asia-Europe Trade

Bridgepoint to acquire La Compagnie du Ponant Bridgepoint and CMA CGM Group with its parent company Merit announced yesterday that they have signed a formal agreement whereby Bridgepoint will acquire La Compagnie du Ponant.The agreement will offer La Compagnie du Ponant the resources it needs to fulfil its ambitions, maintain its growth momentum and take its international expansion to a new level.The parties have agreed to take until the end of August to finalise the transaction.Source: CMA CGM

Located in Mumbai CMA CGM, the world's third largest container shipping company, has inaugurated on April 18, 2012, its new head office in India, located in the heart of the Mumbai business district.Installed in a new modern building with easy access by road and public transport, the new premises were inaugurated in presence of the CMA CGM delegation conducted by Jacques Junior Saadé and Elie Zeenny with Mr DP Goel, CMA CGM partner in India and Ludovic Renou, Managing Director of CMA CGM India.After a traditional Indian benediction ceremony, Shri. L. Radhakrishnan chairman of Jawaharlal Nehru Port Trust and Mr. Jean Raphael Peytregnet French Consul in Bombay inaugurated the new offices and cut the red ribbon.The new office will enable teams to deliver a premium service to Indian customers. With more than 3000 sqm of modern spaces, the new design of the office is in full compliance with the image of CMA CGM offices worldwide.This inauguration was also the opportunity for CMA CGM to assert its ambitious development program for India in a challenging period for the whole shipping sector. CMA CGM support the economic growth of India connecting the country to the world with 7 weekly services. "CMA CGM ...

To enhance its port coverage and to increase its service quality CMA CGM announced a new cooperation with MSC and CSAV, replacing existing cooperation with Hamburg Sud and Hapag Lloyd.As from the 11th April 2012, at Rotterdam, CMA CGM will start a new cooperation with MSC and CSAV, on the North Europe East Coast - South America trade.This new cooperation will allow CMA CGM to develop existing synergies with its new partners, to enhance its port coverage and to increase its service quality meeting customer requirements.This fixed day, weekly Brazil service will be operated with seven Panamax vessels, CMA CGM deploying 3, CSAV 3 and MSC 1.Schedule will be as follow:Le Havre > Rotterdam > Hamburg > Bremerhaven > Antwer > Lisboa > Santos > Paranagua > Navegantes > Santos > Rio de Janeiro > Salvador > Le Havre.Complementary to the above, and and by exchange of spaces onto MSC Plate Sling, CMA CGM will cover ports in the River Plate.Schedule will be as follow:Antwerp > Rotterdam > Bremerhaven > Le Havre > Sines > Rio de Janeiro > Santos > Buenos Aires > Rio Grande > Paranagua > Navegantes > Santos > Itaguai > AntwerpCMA CGM will also exchange ...

Analyst predicts disastrous 2012 for crisis-hit container lines The rates war that has shattered the Asia-Europe trades this year looks set to worsen in 2012, analyst Alphaliner has predicted in its latest report.Far from restoring some stability to one of the world's major shipping routes, the recent round of service restructuring could intensify competition between the major players, warns the analyst."These developments forbode that the unrelenting rate war on the Asia-Europe trade is set to continue and could spell disaster for carriers in 2012," Alphaliner said.The dire prediction follows some major realignments over the past month as lines respond to Maersk's challenge to offer shippers daily departures from key Asian ports to northerrn Europe.First came the vessel sharing and slot exchange agreement between MSC and CMA CGM that will allow the two lines to deploy the biggest and most cost-efficient ships available in their respective fleets in each of their four joint Asia-northern Europe loops.That was followed last week by the announcement that the three members of the Grand Alliance are to co-operate with their opposite numbers in the New World Alliance in a six line super consortium, the G6. Then this week, Evergreen revealed plans to collaborate more closely ...

A direct service between East Coast North America and West Coast South The CMA CGM Group is pleased to announce the launch of the NEW Black Pearl service, a better and faster direct service between the East Coast of North America and the West Coast of South America (Panama, Peru and Chile). This new service is part of the operational agreement between CMA CGM and MSC.It comes as a response to a growing market demand for refrigerated cargoes from Chile and Peru to Philadelphia and New York and for fast and competitive transit times between these two continents. Effective from mid January (southbound) on a weekly basis, this improved service will provide CMA CGM customers with: Direct fixed-day weekly service connecting East Coast North America to West Coast South America throughout 6 Main US Ports (Port Everglades, Jacksonville, Savannah, Charleston, Philadelphia and New York), one connecting Hub in Balboa and 4 Main Ports in West Coast South America (Callao, Arica, Valparaiso and Coronel). A direct service linking Chile and Peru to Philadelphia & New York to better serve the North American refrigerated cargoes demand A full intermodal coverage to USA Inland Ramps using on-dock rail services Fast and competitive transit ...

AE8 to be discontinued next year, but Danish carrier is finalising replacement products Maersk Line is assuring customers that its daily service from Asia to Europe will not be harmed by the imminent departure of CMA CGM from one of the loops that forms part of the offering.The Danish line confirmed to IFW's sister publication, Lloyd's List, that its AE8 service, operated in co-operation with CMA CGM's FAL 5 loop, will be discontinued next year.The two lines each contribute five vessels of around 13,000teu to the service.Following the vessel sharing and slot-charter agreement between CMA CGM and MSC last week, the French and Danish carriers will end their Asia-North Europe service. However, they are expected to continue to co-operate on the Asia-Mediterranean trades.Maersk Line's head of Europe services, Vincent Clerc, said the line was finalising its replacement products and would provide details soon."Our Daily Maersk promise is the cornerstone of our product offering and has in a very short period become extremely popular with the customers. Therefore, it will of course remain unchanged and our customers will continue to enjoy the absolute reliability of our network," he said."Other port pairs currently covered by AE8/FAL5 will be covered through new, improved ...

Changes of Schedules on Four Continents After the recent news that CMA CGM and MSC will be working more closely together to maximise efficiency of freight services the two giant container shipping lines have confirmed adjustments to their schedules whilst Maersk, Hamburg Süd, CSAV and CSCL have also seen Winter season restructuring.In an effort to balance supply and demand during the forthcoming traditional period of weaker demand, Hamburg Süd and Maersk Line on the one hand and CMA-CGM, CSAV and CSCL on the other, have reached an agreement to adjust their services between Asia, South Africa and the East Coast of South America as from this month until next May.Each Group is currently operating two weekly services in the trade. For the period from December 2011 through May 2012, the existing ASAS/NGX Sling 2 service will be merged with the existing ASAX/SEAS Sling 2 service. The current capacity deployed by the carriers in the ASAS/NGX Sling 1 service (Maersk and Hamburg Süd ) and ASAX/SEAS Sling 1 service (CMA CGM, CSAV, CSCL) will remain unchanged and independent. This means the ASAX/SEAS 1 which currently utilises eleven 6,500 TEU vessels will now have the same number of smaller ships each between ...

Trades including Asia-Northern Europe, Asia-Southern Africa and all of the South American markets The world's second and third-largest container shipping companies have announced the signature of a major agreement. The two family-owned companies, the Swiss-Italian MSC and France's CMA CGM, agreed to form a broad-based operating partnership spanning several trades, including Asia-Northern Europe, Asia-Southern Africa and all of the South American markets.The agreement, which is designed to improve the two partners' respective performance, will help to drive extensive operating synergies and enhance quality of service for all of their customers.On a certain number of trades, the partnership will also enable the Groups to deploy the best ships in each of their fleets, while increasing the number of ports of call and frequency of sailings.Diego Aponte, Vice President of MSC, said: "we are very happy to have signed this broad-based partnership, which will unite our two family-owned companies in the years ahead. The agreement offers us new opportunities to optimise the use of our respective fleets, improve our transit times and increase our performance."Rodolphe Saadé, Executive Officer of CMA CGM Group, said: "for more than 30 years, our two companies have followed the same trajectory and for a number of years ...