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CMA CGM
Business, Technology, Equipment, Safety, Logistics, Global Freight

CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion

CMA CGM ship

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).

Tara Patel | Bloomberg News
April 18, 2023
Business, Logistics, Private

CMA CGM’s CEO Forges Ahead With China, Media Deals

CMA CGM

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.

Samy Adghirni and Tara Patel | Bloomberg News
April 6, 2023
Business, Logistics, Global Freight

French Shipping Giant CMA CGM Warns Demand Is Falling

The CMA CGM Andromeda container ship at the Port of Oakland

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.

Tara Patel | Bloomberg News
March 6, 2023
Business, Logistics

Ed Aldridge Retiring; Peter Levesque to Take Reins as CMA CGM Leader

CMA CGM

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
Government, Business, Logistics

Shipping Giant CMA CGM Sees Softening of Global Freight Rates

CMA CGM

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.

Samy Adghirni and Tara Patel | Bloomberg News
August 26, 2022
Government, Business, Logistics

CMA CGM Near Deal to Buy California Terminal Operator

Image

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.

Gillian Tan | Bloomberg News
November 3, 2021
Business, Equipment, Fuel

CMA CGM Dedicates Six LNG-Powered Vessels to Service U.S. Customers

Image

French ocean carrier CMA CGM Group will dedicate six liquefied natural gas-powered containerships to the United States..

March 1, 2021
Business, Logistics, Top 50

Shipping Giant CMA CGM’s Debt Plan Seen at Risk Amid Virus Fears

Image

The coronavirus outbreak is threatening to scupper a debt refinancing for CMA CGM SA, the world’s third-largest container shipping company.

Antonio Vanuzzo and Laura Benitez | Bloomberg News
February 24, 2020
Business, Logistics

Ocean Carrier CMA CGM Group to Buy 25% Stake in Ceva Logistics

Image

Ceva Logistics is getting a major new shareholder to go along with a planned initial public stock offering of stock.

Daniel P. Bearth | Staff Writer
April 20, 2018
Business, Equipment

Containership to Honor Bayonne Bridge Renovation With Sept. 7 Call to N.Y.-N.J. Port

Image

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

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