Government, Business, Logistics

Shipping Giant CMA CGM Sees Softening of Global Freight Rates

CMA CGM The CMA CGM SA Jacques Saade containership. (Nathan Laine/Bloomberg News)

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.

August 26, 2022
Government, Business, Logistics

CMA CGM Near Deal to Buy California Terminal Operator

CMA CGM A CMA CGM ship at the Fenix Terminal. (Fenix Marine Services via YouTube)

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

CMA CGM containership at the Port of Los Angeles A CMA CGM containership at the Port of Los Angeles (Seth Clevenger/Transport Topics

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

CMA CGM Jochen Eckel/Bloomberg News

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

February 24, 2020
Business, Logistics

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

Ceva Logistics

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

Roosevelt at Port of Virginia The Theodore Roosevelt berthed at the Port of Virginia. (Port of Virginia)

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
Business, Logistics

Big Cargo Ship in Seattle Signals Big Stakes as Nation's Ports Compete

The Northwest Seaport Alliance

The largest cargo ship to visit the United States, the CMA CGM Benjamin Franklin, arrived in Seattle on Feb. 29 to greetings from Mayor Ed Murray and other dignitaries, and a flurry of media coverage.

Janet I. Tu | The Seattle Times
March 1, 2016
Business, Logistics

Megaship Docks in L.A. as Change Roils Shipping Industry

The largest containership ever to arrive at a North American port is docked at the southern tip of Los Angeles, a sign of the rapid changes under way in the global shipping industry.

Chris Kirkham | Los Angeles Times
December 30, 2015
Business, Logistics

Largest Container Ship Ever to Visit United States Arriving Dec. 26

The largest containership to ever call at a U.S. port will arrive Dec. 26 at the Port of Los Angeles and Dec. 31 at the Port of Oakland, California.

George Kelly | Contra Costa Times
December 15, 2015
Business, Logistics

CMA CGM Said Near $2.4 Billion Cash Offer for Neptune Orient

Jochen Eckel/Bloomberg News

French ocean carrier CMA CGM SA is nearing a definitive offer to buy Neptune Orient Lines Ltd. for about S$3.4 billion ($2.4 billion), people with knowledge of the matter said, consolidating its position in an industry facing its worst year since 2009.

December 7, 2015