Tag: CMA CGM

Capacity already is withdrawing from the toughest markets Struggling with sliding rates amid plentiful capacity on major world trade lanes, several container line executives say they are starting to consider whether to lay up some vessels in a search for greater supply-demand equilibrium."If we have to do it, we will do it, yes," CMA CGM Executive Officer Rodolphe Saade said this week at The Journal of Commerce annual TPM Asia conference.Several carriers have withdrawn trans-Pacific services recently after peak season surcharges failed to hold for any extended period and spot rates have slipped back, prompting a forecast from Alphaliner that carriers will lose a collective $300 million this year on the trade lane. Some believe losses on the trans-Pacific could be double that figure. Conditions for the carriers are even tougher on Asia-Europe lanes, where the deployment of large vessels is keeping rates at low levels.Saade said capacity already is withdrawing from the toughest markets. "It is taking place now on some trades. Is it taking place enough? No," he said. "More capacity needs to come out."Tim Smith, the North Asia CEO of Maersk Line, said shipping lines are wary of discussing capacity plans publicly after an outcry from shippers ...

CMA CGM says it will add the Port of New Orleans to its Gulf Bridge Express service Container shipper CMA CGM says it will add the Port of New Orleans to its Gulf Bridge Express service linking the Gulf Coast with the Caribbean and ports in South and Central America.The Marseilles, France-based company said the first vessel will call on the port on Oct. 1.Company officials said the decision was made to increase exports and imports going through its hub in Kingston, Jamaica.Source: AP

Lloyd's List Awards CMA CGM Group is pleased to announce that it has been recognised "Company of the Year" by Lloyd's List during the ceremony held on 20 September in London.CMA CGM received the award based on its ability and willingness to innovate and adapt to the rapidly changing nature of the shipping markets over the past 12 months.According to Richard Meade, editor of Lloyd's List, "CMA CGM impressed the panel with its capability to overcome the odds and an impressive display of resilience. CMA CGM confounded expectations by swinging back into the black with such vigor that it has outpaced rivals in terms of operating margins during the first half of this year.It was one of only four container lines that could claim to in the black during the period. Amid challenging market conditions, poor economic prospects and rampant overcapacity, this company has become well known for its ability to innovative and challenge expectations"CMA CGM is honored by this award, which highlight the dedication and expertise of its 17,200 staff members worldwide. A mobilization that enables the Group to react quickly to meet every one of its customers' needs and provide the best service possible in every aspect of ...

Carrier adds New Orleans, Venezuela calls to Gulf-Mexico-Caribbean Route CMA CGM is upgrading its Gulf Bridge Express service linking the Gulf of Mexico, Mexico and the Caribbean with the addition of direct calls in New Orleans and Puerto Cabello, Venezuela.The upgrade connects New Orleans directly or via Kingston, Jamaica, to the Caribbean and the Central and South American markets, the French carrier said.Puerto Cabello will benefit from weekly direct connections from the U.S. Gulf, Mexico, Colombia and the Caribbean basin via Kingston.Transit times will be among the fastest in the region, according to CMA CGM. The Gulf Bridge Express service will call Puerto Cabello for the first time on Sept. 21 and New Orleans on Oct. 1.The new rotation will be: New Orleans; Altamira and Veracruz, Mexico; Kingston; Cartagena, Colombia; Puerto Cabello and La Guaira, Venezuela; Kingston and New Orleans. Source: The Journal of Commerce

Maersk Lines-Mediterranean Shipping Company- CMA CGM- Evergreen Marine- American President Line 5. American President Line.American President Lines, or APL for short, services more than 140 countries worldwide and employs close to 20,000 people, making it one of the biggest container shipping companies in the world. APL has offices in nearly 100 countries worldwide, and reaches almost every inch of the globe. Originally founded immediately following the Mexican-American War in 1848 as the Pacific Mail Steamship Company, the company has a rich history that includes shipping gold to the East Coast during the Civil War to support the Northern Cause. APL was taken over by the Dollar Shipping Company shortly after World War I, and was taken over by the U.S. government in 1938.The company also has a ship that survived World War II on display in Los Angeles, the S.S. Lane Victory, a ship that is deemed a U.S. National Historic Landmark.4. Evergreen MarineBased in Taiwan, Evergreen Marine's shipping operations mainly focus on the east coast of Asia and the west coast o North America. With a fleet of over 150 container ships, Evergreen Marine is well prepared for continued growth among Asia's emerging powers. The company also has major ...

For a minimum period of 35 years The CMA CGM Group is pleased to announce the signing of a Memorandum of Understanding (MOU) for the operation, equipment and expansion of the Gordon Cay Container Terminal in the Jamaican port of Kingston, for a minimum period of 35 years. The project to develop the terminal will be based on the existing facilities.Signed on 4 August 2011 by RodolpheSaadé, CMA CGM Executive Officer, and the Chairman of the Port of Kingston, in the presence of Jamaica's Minister of Transport Michael Henry, the MOU marks the start of a major investment program before the terminal is fully commissioned in 2015.The project to widen the Panama Canal will require a major reorganization of shipping, particularly in the Caribbean and North America region. The "New Panamax" vessels, with capacities up to 12,500 TEUs will be able to cross the Canal, compared to the current limit on 4,000 TEUs. Transport distribution will only be possible from a hub that can accommodate these giants, which is currently not the case for most ports in the Caribbean and on the United States East Coast.Development of a central hub in Kingston will allow CMA CGM to take full advantage ...

Effective on August 3rd , 2011 CMA CGM Group is pleased to announce the launch of a new direct service linking Asia to West Africa , effective August 3rd, 2011 Named WAX II, this new service will be operated in partnership with CSAV and will deploy 10 vessels from 2,500 TEUs up to 3,100 TEUs (5 CMA CGM vessels, 5 CSAV vessels). It will serve China , Hong Kong , Malaysia , Nigeria , Togo , Ghana , Ivory Coast and Cameroon .This service will enable the Group to provide its customers with the following advantages:Better coverage of West African ports with, in particular, a direct call to Cameroon at the port of Douala An enhanced transhipment capacity from Lomé to Cotonou A call to CMA CGM's Port Kelang hub, giving access to the south-eastern Asian market Improved transit times: a record transit time of 22 days between Apapa, first port of call on the West Coast of Africa and Port Kelang. "The launch of this WAX II service is another illustration of the CMA CGM Group's determination to provide direct services between Asia and West Africa to meet the growing demand of its customers on this trade ", explains ...

The surcharge will be removed when operations return to normal French ocean shipping company CMA CGM announced a series of rate increases and peak-season surcharges that will take effect on U.S. services this month and on other trades in August.The worlds third-largest carrier by fleet capacity said rates from the western and eastern Mediterranean and Black Sea to the U.S. East Coast would increase on July 11 by $150 per 20-foot dry and reefer container and $250 per 40-foot dry/reefer container.CMA CGM will levy a peak-season surcharge on shipments from Asia to the U.S. and Canadian west coast and U.S. East Coast of $320 per 20-foot dry and reefer container, $400 per 40-foot dry and reefer box and $450 per 40-foot high-cube and reefer container.Effective Aug. 1, shippers face a $600-per-TEU increase on shipments from Asia to the west and east coasts of South America, the west coast of Central America and Mexico.Rates from Asia to the Caribbean also will rise by $560 per 20-foot container and $800 for a 40-foot box on Aug. 1.The cost of shipping a 20-foot container from Asia to West Africa will increased $200 on Aug. 1. Shippers also face a $150-per-TEU overweight surcharge on ...

It is named ANZEX and it will be effective on July 18th CMA CGM Group is pleased to announce the launch of a new service connecting Asia, Fiji Islands and New Zealand, effective July 18th, 2011.Named ANZEX, this new weekly service will deploy 7 ships of 1 800 TEU and will allow the Group to provide its customers with the below assets:- The only service in the market to offer two ports of call in New Zealands North Island and two port of call in New Zealands South Island- The fastest transit times from Asia to Suva (Fiji) and between Asia and New Zealand: 17 days between Shanghai and Auckland, 16 days between Tauranga and Port Kelang- An access to the South East Asia market for goods to and from New Zealand, Australia and New Caledonia, thanks to the following calls :Port Kelang Hub: connexion with the CMA CGMs global networkTauranga: connexion with the Panama Direct service (linking North Europe, East Coast of the US, French Polynesia, Australia et New Zealand) Auckland: connexion with the PNW service of ANL, one of the CMA CGM Groups subsidiaries (linking Australia, New Zealand, French Polynesia and the US west-coast)- An enhanced capacity of ...

Along with other container lines participate in the Cargo Incident Notification System Network Maersk Line and Mediterranean Shipping Co join forces to reduce the number of accidents caused by hazardous cargoes, poorly stowed containers or inaccurate weight declarations.The purpose is to collect and share all information related to potentially dangerous containerised freight on an industry-wide basis. That would enable container lines to receive a rapid alert in the case of worrying incident, and for carriers to have a clearer idea of how widespread certain bad practices or possibly risky situations are across the industry.These two large container lines along with CMA CGM, Evergreen, and Hapag-Lloyd, are participating in the Cargo Incident Notification System Network. The TT Club and the International Group of P&I Clubs, are also involved in the project,with the Container Owners Association acting as a neutral host for the database.All information about cargo that either has or could have caused an accident will be fed into Cinsnet so that statistics can beproduced and industry trends identified.Shipowners will have the hard evidence to back up their claims in case any clear patterns emerge indicating that further action ought to be taken either at industry or regulatory level .The statistics ...