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 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 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.

The CMA CGM Group announced that Peter Levesque is taking over leadership of its North American operations from Ed Aldridge, who is retiring.

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 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.

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

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

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

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.