CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion
Maritime transport giant CMA CGM SA has entered exclusive talks to buy Bolloré SE’s logistics arm for an enterprise value of 5 billion euros ($5.5 billion).
CMA CGM’s CEO Forges Ahead With China, Media Deals
CMA CGM SA CEO Rodolphe Saade said the world’s third-largest container line has reached new supply deals in China and an investment in a French online media company.
French Shipping Giant CMA CGM Warns Demand Is Falling
French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.
Ed Aldridge Retiring; Peter Levesque to Take Reins as CMA CGM Leader
The CMA CGM Group announced that Peter Levesque is taking over leadership of its North American operations from Ed Aldridge, who is retiring.November 18, 2022
Shipping Giant CMA CGM Sees Softening of Global Freight Rates
French container line giant CMA CGM SA is seeing an across-the-board drop in shipping rates and a loosening of logistics bottlenecks in some regions as demand softens.
CMA CGM Near Deal to Buy California Terminal Operator
CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion.
CMA CGM Dedicates Six LNG-Powered Vessels to Service U.S. Customers
French ocean carrier CMA CGM Group will dedicate six liquefied natural gas-powered containerships to the United States..March 1, 2021
Shipping Giant CMA CGM’s Debt Plan Seen at Risk Amid Virus Fears
The coronavirus outbreak is threatening to scupper a debt refinancing for CMA CGM SA, the world’s third-largest container shipping company.
Ocean Carrier CMA CGM Group to Buy 25% Stake in Ceva Logistics
Ceva Logistics is getting a major new shareholder to go along with a planned initial public stock offering of stock.
Containership to Honor Bayonne Bridge Renovation With Sept. 7 Call to N.Y.-N.J. Port
The Port of New York and New Jersey will receive its first Neopanamax vessel from the Asia to U.S. South Atlantic Express Service on Sept. 7 when the CMA CGM Theodore Roosevelt arrives.August 28, 2017