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The CMA CGM Group donates 100,000 FFP2 masks to the French Government to help tackle the Covid-19 emergency

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The CMA CGM Group donates 100,000 FFP2 masks to the French Government to help tackle the Covid-19 emergency. Image: Pixabay
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Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, is donating 100,000 FFP2 masks to the French Government to help with the national effort to deal with the Covid-19 epidemic.
These masks are available immediately and are delivered to Paris Regional Health Agency (Agence Régionale de Santé d’Île-de-France), which will allocate them throughout France over the coming days in accordance with healthcare needs.

The CMA CGM Group, a world leader in shipping and logistics, is paying particularly close attention to the developing Covid-19 epidemic and is taking all necessary measures to protect its employees around the world.

CMA CGM Group staff are working every day to provide continued support to the transport and logistics of goods throughout the world, particularly pharmaceuticals and food products.

The CMA CGM Group will continue its efforts to help tackle the epidemic over the days and weeks to come.

Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, commented: “Faced with the health crisis now facing France, we offered to provide 100,000 masks to the French Government. The CMA CGM Group stands side by side with the Government in helping to tackle this epidemic. As a company, we must do everything we can to protect our employees and also play our part, alongside the Government and healthcare staff, in dealing with this epidemic.”

Container Shipping Lines

CMA CGM launches SEAPRIORITY Go, a new solution in the CMA CGM+ portfolio that guarantees priority transportation of goods

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CMA CGM launches SEAPRIORITY Go, a new solution in the CMA CGM+ portfolio that guarantees priority transportation of goods. Image: CMA CGM
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The CMA CGM Group, a world leader in shipping and logistics, is launching SEAPRIORITY Go, a new high value-added service within the CMA CGM+ range of solutions designed to meet the needs of its customers.

SEAPRIORITY Go: a new solution that offers priority boarding for goods during the loading process

SEAPRIORITY Go provides customers exclusive treatment: their goods will be given priority whether it be for container allocation or loading on board. Part of the BOOST category under the CMA CGM+ umbrella, this new solution helps to expand our customers’ business, even when demand is strong, giving them more agility, flexibility and protection.

Available on all major CMA CGM trades

SEAPRIORITY Go will be offered for all shipments on major trades operated by CMA CGM effective March 27th, 2020. It will be available online on My CMA CGM (www.cma-cgm.com) as of this same date.

CMA CGM+: products tailored to specific needs  

In line with its Customer Centricity strategy, CMA CGM launched CMA CGM+, a range of solutions that complement its conventional maritime transport and logistics services. Equipped with this comprehensive range of products and services, the Group is able to provide customised solutions to meet all customer expectations: whether they wish to protect their cargo or grow their business, CMA CGM+ is specifically designed to meet their needs.

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Container Shipping Lines

CMA CGM completes a first transaction relating to the sale of eight port terminals to Terminal Link for USD 815 million in cash

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CMA CGM completes a first transaction relating to the sale of eight port terminals to Terminal Link for USD 815 million in cash. Image: Pixabay
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The CMA CGM Group, a world leader in shipping and logistics, announces today the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link. Terminal Link joint venture was created in 2013 and is 51% owned by CMA CGM and 49% by CMP.

In line with the terms and conditions of the agreement announced on 20th December 2019 this first transaction represents a total all-cash consideration of USD 815 million. It will enable Terminal Link to expand its geographic footprint and global network, thereby enhancing its business development prospects.

This initial disposal includes the following terminals:

  • Odessa Terminal (Ukraine)
  • CMA CGM PSA Lion Terminal (CPLT), Singapore
  • Kingston Freeport Terminal (Jamaica)
  • Rotterdam World Gateway (Netherlands)
  • Qingdao Qianwan United Advance Container Terminal (China)
  • Vietnam International Container Terminal, Ho Chi Minh City (Vietnam)
  • Laem Chabang International Terminal (Thailand)
  • Umm Qasr Terminal (Iraq)

The sale of the last two terminals covered by the agreement between CMA CGM and CMP should be completed by the end of first-half 2020 for an all-cash consideration over USD 150 million, pending approval by the competent regulatory agencies.

The CMA CGM Group reduces its debt and is proceeding with its liquidity plan

With this transaction, CMA CGM is proceeding with the delivery of its USD 2.1 billion liquidity plan announced on 25 th November 2019. This plan among others reduces CMA CGM consolidated debt by more than USD 1.3 billion by the end of first-half 2020 and allows to extend certain financing facilities maturing during the year.

The Group strengthens its balance sheet in the midst of the global health crisis

The CMA CGM Group strengthens its balance sheet amidst the high uncertainty created by the global Covid-19 health crisis. While the crisis has had a limited impact in the first quarter of 2020, the Group expects a decline in volumes, particularly outbound to Europe and the United States.

On this occasion, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, states:

This transaction, announced on the 20th of December 2019, is an important step in its 2.1 billion USD liquidity plan and will allow us to strengthen our balance sheet. Amid the high uncertainty created by the COVID-19 health crisis, the closing of this transaction as previously announced demonstrates the resilience of the CMA CGM Group.

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Container Shipping Lines

Swire Shipping strengthens commitment to the Asia Pacific region

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Swire Shipping strengthens commitment to the Asia Pacific region. Image: The China Navigation Company
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Swire Shipping today announced the entry into service of its first 2400TEU newbuild vessel, MV Changsha. The vessel will be deployed on Swire Shipping’s South East Asia to Papua New Guinea and Solomon Islands service. Despite the uniquely challenging period the world faces, this deployment looks towards a brighter future and shows Swire Shipping’s strong and continuing commitment to the region.

MV Changsha is part of a wider order book of eight feeder container vessels (four 2,400TEU vessels and four 2,750TEU vessels) scheduled for delivery in 2020. This series of vessels has been designed to accommodate the needs of the region’s customers.

These vessels are part of a fleet renewal programme which began in 2015. During this renewal programme, 14 vessels will have been disposed of in total. Eleven of these vessels will have been sustainably recycled at approved ship recycling facilities under the Hong Kong Convention. The remaining three were sold for onward trading. The new modern eco-designed vessels will help Swire Shipping provide sustainable and innovative shipping solutions for its customers. The eight newbuild container vessels will join a fleet that includes eight 31,000DWT/ 2,118TEU multipurpose vessels (“S Class”) and four 22,000DWT/ 1,627TEU multipurpose vessels (“Chief Class”) delivered between 2013 and 2015.

Keeping vital supply chains going

“Like many other companies, we are very concerned about the global situation over COVID-19. However, we are also cognisant that vital supply chains must remain open with as little disruption as possible. The economies and livelihoods of the Pacific region are heavily reliant on seaborne trade. Our purpose as a company is to enrich lives by connecting our customers with the communities of the Pacific. The addition of MV Changsha and the remaining newbuilding vessels will enable us to achieve this and show our long-term commitment to our customers and the region,” said Mr Jeremy Sutton, General Manager, Swire Shipping.

Swire Shipping, added Mr Sutton, is focused on serving its customers well. Its fleet renewal programme shows its continued commitment to providing safe and reliable shipping services to these customers. Additionally besides providing customers greater flexibility through a comprehensive suite of container, breakbulk and project cargo solutions, the newly-launched e-commerce site (www.swireshipping.com) also enables customers to quickly search for information, obtain a quote and make a booking. “We want to save our customers’ time. Speed to market is important to our customers, and we want to enable that,” said Mr Sutton.

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