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Tag: CMA CGM

CEVA Logistics to acquire Turkey’s Borusan Tedarik for US$440 million

CEVA Logistics, the logistics arm of French shipping giant CMA CGM, has signed a binding agreement to acquire 100% of Turkish logistics provider Borusan...

CMA CGM gains control of South America’s largest container terminal

CMA CGM Group has confirmed the closing of its acquisition of approximately 47.9% of Santos Brasil Participações S/A (Santos Brasil) from funds managed by...

Is CMA CGM’s Bet on Oran in Jeopardy?

As diplomatic relations between Algeria and France once again enter turbulent waters, collateral damage may hit one of Algeria’s most strategically significant infrastructure projects. A...

CMA CGM applies new PSS from North Europe to North America

French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from North Europe to the United States, Canada and Mexico. In particular,...

CMA CGM buys 35% in Egypt’s October Dry Port

CMA CGM aims to expand its footprint in Egypt, leveraging the country’s strategic position as a gateway to the Mediterranean, Red Sea, and broader...

CMA CGM implements new peak season surcharge from Asia to Africa

Marseille-headquartered container line CMA CGM has announced a new peak season surcharge (PSS) for sailings from China and Hong Kong to African destinations. In particular,...

CMA CGM increases rates for shipments from North Europe

French ocean carrier CMA CGM has announced the following new Freight All Kinds (FAK) rates, effective from 1 May and valid until further notice. From...

Tonnage providers’ fleets dwindle amid operators’ buying spree

Over the last five years, tonnage providers’ boxship fleets have fallen by 2.3 million TEUs as liner operators, chiefly MSC and CMA CGM, purchased...

Maersk and CMA CGM terminate US-Venezuela service

Maersk Line and CMA CGM will cease their joint Ceiba Express service connecting the United States to Venezuela, as US President Donald Trump piles...

Boxship chartering interest turns to feeder vessels

With almost all larger boxships having been snapped up in the charter market, shipping lines are turning their attention to the smaller ships. ...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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