Thursday 20th Sep, 2018

Ocean Alliance boosts CMA CGM container movements

Photo: Rhiannon Zanetic
Photo: Rhiannon Zanetic

GLOBAL liner company CMA CGM has noted membership of the Ocean Alliance grouping as a reason for an increase in containers carried during the 2017 calendar year.

According to results just announced, CMA CGM carried almost 19 million containers in the 12 month period, an increase of 21.1% compared with 2016.

This increase included contributions from all the shipping lines operated by the CMA Group as well as full-year results from APL.

Ocean Alliance is a global service involving more than 320 ships and featuring vessels from CMA CGM as well as China Cosco Shipping, Evergreen Line and OOCL.

“The quality of the Ocean Alliance service offering, (was) particularly appreciated by our customers,” CMA CGM said in a statement.

“Launched on 1 April 2017, it covers 40 shipping services on the East-West trades.”

In April 2018 CMA CGM is to launch an improved offering with its “Ocean Alliance Day Two Product”.

The company also noted a strong Trans-Pacific market for both CMA CGM and APL during 2018.

CMA CGM also claimed “the best operating result in the container shipping industry”, courtesy of core EBIT of US$1.6bn with a core EBIT margin of 7.5%.

The year saw the appointment of Rodolphe Saadé as chief executive and then as chairman with Jacques Saadé assuming the title of founder-chairman.

CMA CGM acquired South Pacific business SOFRANA in October 2017 while in December 2017 it acquired Mercosul, one of the main players in the Brazil container shipping market.

CMA CGM says it has an order of nine large capacity LNG-powered containerships able to carry 22,000TEU from 2020.

“This proactive choice will significantly reduce the emission of greenhouse gases and fine particles,” CMA CGM stated.

“This is part of the Group’s overall strategy, which has already resulted in a drop of its CO2 emissions per container transported by 50% from 2005 to 2015 with an objective of an additional 30% reduction by 2025.”

CMA CGM says Standard & Poors has upgraded its credit rating to B+ with a “stable” outlook

“The momentum of the volumes transported in 2017 is expected to continue in 2018,” the company stated.

“The Group should continue to benefit from this trend, thanks to its worldwide presence and its portfolio of brands covering the East-West, North-South and intra-regional trades.”

In early 2018 CMA CGM took delivery of its new flagship the CMA CGM Antoine De Saint Exupery, the largest box ship to fly the French tricolour.

CMA CGM is also the owner of Australian shipping company, ANL.

Send this to friend