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...Rodolphe Saadé, chief executive of CMA-CGM, told the Financial Times in early March that it could take “five or 10 years” for India and south-east Asia to build terminals for large ships and “play a different...
...French business: Rodolphe Saadé, head of shipping group CMA CGM, has been on a €35bn deal spree that has thrust him and his family’s company into the spotlight....
...Almost all of the world’s largest container shipping lines including MSC, AP Møller-Maersk and CMA CGM are no longer sending vessels through the Red Sea that goes to and from the Suez Canal, while oil majors...
...Meanwhile, the world’s third-biggest container shipping group CMA CGM said earlier today that some of its vessels are continuing to go through the Suez Canal but warned of scheduling chaos and that clients...
...CGM abandons bidding for UK logistics specialist Wincanton (FT) UK’s IWG to report in dollars as it weighs US listing (FT) UK telecoms specialist Spirent agrees to £1bn takeover offer from US rival (FT...
...Like its rivals, CMA CGM has been using the cash amassed during the boom to fund an acquisition spree....
...In Europe, TotalEnergies has partnered with Veolia to produce biomethane from waste water, while Engie and container shipping giant CMA CGM in June agreed to co-invest in a biomethane plant in the French...
...After two years of bumper profits, shipping groups from CMA-CGM to Hapag-Lloyd have warned investors of the risk to their bottom line....
...Bank of America plans to cut as many as 4,000 jobs before the end of June. Abrdn is axing about a fifth of its multi-asset team....
...CMA CGM holds 49 investments in port terminals around the world....
...In logistics news, shipping lines CMA CGM, MSC and Maersk all halted bookings going to and from Russia last week. CMA CGM has also banned all bookings going to and from Belarus....
...News round-up Saudi Arabia’s PIF acquires 5% stake in Nintendo (FT) Barclays doubles stake in Australian investment bank Barrenjoey (FT) Shipping group CMA CGM to take Air France-KLM stake under cargo...
...China is putting pressure on CMA CGM, one of the world’s biggest shipping companies, to keep a lid on record container freight costs, which have been driven up by a recovery in demand following the coronavirus...
...Shipping groups such as Denmark’s AP Moller-Maersk, the world’s largest container shipping line and vessel operator, Swiss-Italian MSC, Germany’s Hapag-Lloyd and CMA CGM of France have struggled to deliver...
...Stakes are high for large shipping companies such as Maersk, CMA CGM and Cosco, and commodity traders such as Trafigura and Cargill that have strived to drive transport costs down, with decarbonisation estimated...
...French carrier CMA CGM last month purchased four Airbus aircraft that will fly between Europe and North America to offer “agile solutions” to its customers....
...CMA CGM, one of the world’s biggest shipping companies, admitted in November that China’s ministry of transport had put pressure on them to keep a lid on prices....
...CGM....
...While most ocean liners are watching nervously and saying little, Rodolphe Saadé, chief executive of CMA CGM, told French newspapers on Tuesday that he expected May to be “tense”....
...UK's CMA is biggest enforcer The UK’s Competition and Markets Authority is the most aggressive antitrust enforcer in the world, according to a survey....
...The debt market is now pricing in material uncertainty around an upcoming €725m bond maturity for CMA CGM, even though the French shipping group has stressed that it has enough cash to repay the bond without...
...Last month it transited the Panama Canal loaded with cargo including furniture, apparel, machinery and beer, said Marc Bourdon, president of CMA CGM Americas....
...Marc Bourdon, president of CMA CGM's America division said larger ships have economies of scale and are more energy efficient, and the old bridge design was keeping them out of the New York market....
...Denmark’s Maersk Line itself is in the process of buying Hamburg Süd, the German group with a strong presence in Latin America; Hapag-Lloyd has taken over two competitors in recent years; CMA CGM bought...
...If the Warburg bid is successful, it would be the latest in a string of Asian deals for BNP Paribas, which led a group of banks that provided $1.65bn to France’s CMA CGM to buy Singapore shipping container...
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