Tag: CMA CGM

• Monday, September 23rd 2024 - 13:47 UTC

  French shipping giants to buy over Brazilian port of Santos' container terminal

  

  Brazil's Opportunity investment group reached an understanding with French giants CMA CGM for the sale of its stake in the Brazilian Port Terminal of Santos (STBP3), it was announced late Sunday.

• Wednesday, December 20th 2017 - 10:22 UTC

  CMA-CGM take over Mercosul Line from Maersk Line

  

  The transfer of ownership of Mercosul Line from Maersk Line to CMA CGM. (Maritime Freighting Company-General Maritime Company), was completed on Friday. Mercosul is a leading player in Brazil's domestic container shipping market, with a fleet of four container vessels and around 290 people employed.

• Wednesday, May 25th 2016 - 06:38 UTC

  Container shipping “fragile”; third largest firm reports loss in first quarter, plans US$ 1bn in cost cuts

  

  France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss and targeted US$1 billion in cost cuts to keep operating margins positive during the current market downturn. Weak freight rates in the past year have left many lines operating at a loss.