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CMA CGM Q2 net income more than doubles to $7.6bn
5 Sept 2022 10:00 AM IST"Outlook: inflationary pressure & geopolitical tensions weighing on consumer spending and shipping demand."
CMA CGM creates $1.5 billion special fund for energies
4 Sept 2022 1:25 PM ISTObjective is to accelerate decarbonisation across shipping, inland, and logistics operations globally.
Reliability continues to improve; Maersk still most reliable carrier
30 Aug 2022 7:15 PM ISTAverage delay for late vessel arrivals have been dropping sharply so far this year.
CMA CGM lowers freight rates to support French households
1 July 2022 4:00 PM ISTReduction of €500 per container for all imports to France and overseas territories.
CMA CGM Group Q12022 profit zooms to $8.9bn on shipping boost
4 Jun 2022 4:16 PM ISTGroup to take 9% stake in Air France-KLM for approx €400 million, become Air France-KLM's main private shareholder.
Air France-KLM, CMA CGM join hands; to jointly sell air cargo capacity
18 May 2022 11:54 AM ISTThis partnership also covers Air France-KLM's belly aircraft capacity, including over 160 long-haul aircraft.
CMA CGM launches container return programme in US
16 May 2022 11:36 AM ISTThe Group’s early return incentive to deliver $300/container to help customers offset costs.
CMA CGM buys GEFCO; financials not disclosed
8 April 2022 3:20 PM ISTEuropean Commission has authorised CMA CGM to acquire the capital of GEFCO immediately, pending the final approval.
Electrolux signs deal with Maersk, CMA for using sustainable fuel
23 March 2022 3:49 PM IST80,000 TEUs will be transported using Maersk’s biofuel and CMA CGM’s solution based on LNG.
CMA CGM completes first ship-to-ship LNG bunkering
15 March 2022 8:49 PM ISTShanghai International Port Group Company to provide LNG bunkering service for CMA CGM’s vessels for 10 years
Big carriers get significant tonnage tax advantage
15 March 2022 8:41 PM ISTHapag-Lloyd had a tax benefit of $10.7/TEU, translating to an advantage of $127 million.
All major carriers suspend Russia bookings
2 March 2022 8:34 AM ISTCarriers to accept and screen bookings for essential goods such as food, medical equipment and humanitarian goods.