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Second Quarter 2020 Results

The following release was published by CMA CGM:

  • **Major increase in the Group’s operating margi...
by CMA CGM

Shipper relief as ocean carriers finally scrap low-sulphur surcharges

“Ocean carriers are officially scrapping the low-sulphur fuel surcharges introduced last year to mitigate the impact of the 1 January IMO 0.5% sulphur cap regulations on marine fuel..” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

CMA CGM move to sell stake in Mundra terminal under security lens

“French shipping group CMA CGM’s decision to sell the 50 per cent stake held by its unit CMA Termina...

by The Hindu Business Line

Alliance structure hampers expanding container line offerings

“The past six months have clearly shown the value alliances provide to their member carriers in terms of managing capacity in the face of extreme demand volatility. ” See the original story at JOC. Source: JOC (JK)

by JOC

Shippers’ ocean freight budgets ‘about to explode’ as rates hit new highs

“Ocean freight budgets for shipments from Asia to the US and Europe are going through the roof as carriers prepare yet another round of freight rate increases.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Russia examines plans to build Arctic port

“The Russian government is examining the possibility of building a new cargo and container port on the Arctic coast.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

CMA CGM to take delivery of world’s largest LNG-powered vessel

“French shipping group CMA CGM is to take delivery of its first ultra large LNG-powered containership following completion of the vessels’ gas trials.” See the original story at Offshore Energy. Source: Offshore Energy (JK)

by Offshore Energy

HMM, HHI and partners exploring development of marine biofuel

“South Korean shipping company HMM has signed a memorandum of understanding (MOU) with the Korea Bio...

by Offshore Energy

New mega-containership arrivals risk upsetting the balance on box trades

“Despite the containership orderbook at an historic low, the top carriers have a backlog of 86 ships of over 10,000 teu stemmed for delivery over the next two to three years.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

CMA CGM launches a humanitarian ship for Lebanon campaign

“French shipping line CMA CGM has launched its “A Humanitarian Ship for Lebanon” campaign in order to contribute to international and French relieve efforts in Beirut.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

CMA CGM launches new time-sensitive cargo platforms

“CMA CGM has announced it will launch SEAPRIORITY get and SEAPRIORITY reach, two new solutions to expedite the transfer of high-priority or time-sensitive cargo.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

HMM to form joint venture with Singapore’s PSA International

“South Korean shipping major HMM revealed plans to form a joint venture company with Singapore’s port operator PSA International.” See the original story at Offshore Energy. Source: Offshore Energy (JK)

by Offshore Energy

CMA CGM resumes calls to Beirut

“As the operational situation in the Port of Beirut is now back to normal again, French shipping major CMA CGM has resumed calls to this port.” See the original story at Offshore Energy. Source: Offshore Energy (JK)

by Offshore Energy

DUQM RECEIVES FIRST COSCO CONTAINERS

“Oman’s Port of Duqm has received its first containers on behalf of Cosco Shipping Line. The shipmen...

by The Maritime Standard

CMA CGM-chartered LNG boxship completes gas trials

“The first in a series of six LNG-powered neo-Panamax containerships being built for Singapore’s Eastern Pacific Shipping has completed gas trials in South Korea.” See the original story at Offshore Energy. Source: Offshore Energy (JK)

by Offshore Energy

CMA CGM returns to normal operations at Beirut port

“French carrier CMA CGM has updated that the operational situation in the Lenanese port of Beirut is now back to normal, following a devastating blast last Monday.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

by Seatrade Maritime News

Port of Hamburg: 1.5 tonnes of cocaine found on CMA CGM boxship

“Germany’s customs and police officers have seized around 1.5 tonnes of cocaine discovered on board...

by Offshore Energy

APMT launches new eco-friendly supply chain with UK and Ireland

“APM Terminals (APMT) has said its operations at the Port of Gijon (APMT Gijon) has launched an eco-...

by Port Technology

CMA CGM’s 2nd LNG-powered giant nearing completion

“CMA CGM’s second ultra large LNG-powered containership is undergoing sea trials, according to the Chinese shipbuilder Hudong-Zhonghua.” See the original story at Offshore Energy. Source: Offshore Energy (JK)

by Offshore Energy

CMA CGM buying TTI Algeciras stake from HMM

“HMM is selling a 50% minus one share stake in Total Terminal International Algeciras (TTI Algeciras) to French container line CMA CGM.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

by Seatrade Maritime News

CMA CGM to launch its ever-faster service connecting Spain with Algeria

The following release was published by CMA CGM:

In order to optimize the efficiency of our custom...

by CMA CGM

CMA CGM worker among missing in Beirut

“Two tons of ammonium nitrate was used in the 1995 Oklahoma City bombing that brought down a federal...

by Freight Waves

CMA CGM vessel close to Beirut Port explosion unharmed

“Among words of condolence, French shipping line CMA CGM confirmed that one of its vessels which was...

by Port Technology

Container lines divert from Beirut following port blast

“Container lines are diverting from Beirut to Tripoli and other ports in the Med following the massi...

by Seatrade Maritime News

Danaos recoats seven containerships

“Athens-based containership owner and operator Danaos has recoated seven of its managed containershi...

by Offshore Energy

Container chaos at Chittagong port as Eid holiday begins

“Ligentia has warned customers that Chittagong port is experiencing a high volume of shipments before the Eid holiday begins tomorrow.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Cancelled sailings out of India causing rollovers and bookings logjam

“Container trades out of India are faced with increasing congestion, due to a combination of blanked sailings, equipment shortages and carriers unable to clear a backlog of bookings.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Box ship charter market bounces back as idled vessels are recalled to duty

“Over 120 idled containerships have been reactivated since 22 June, according to Alphaliner, as green shoots of a peak season slowly emerge.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

CMA CGM tightens shipment control procedures to fight illicit trafficking

“CMA CGM is tightening its shipment control procedures as part of the group’s commitment to fight illicit trafficking in protected species.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

by Seatrade Maritime News

New CEO appointed at Containerships – CMA CGM GmbH

The following release was published by Containerships:

We are pleased to announce the appointment...

by Containerships

The CMA CGM Group simplifies its trade network on the Transpacific trade

The Following release was published by CMA CGM:

  • **CMA CGM will become the Group’s exclusive com...
by CMA CGM

Cma Cgm drops port congestion surcharge for Cape Town

“CMA CGM, the world’s fourth-largest container shipping line , said on Thursday it was withdrawing with immediate effect a port congestion surcharge for Cape Town.” See the original story at The Medi Telegraph. Source: The Medi Telegraph (JK)

by The Medi Telegraph

Ocean Alliance passes 2M to take the lead on Asia-Europe market share

“The Ocean Alliance has overtaken the 2M alliance, adding the market share lead on the Asia-Europe tradelane to its already dominant position on the transpacific.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Need for speed drives ships toward Pacific ports

“The battle for Asian containerized exports rages on between West and East Coast ports. The East had...

by Freight Waves

Vietnam’s Cai Mep port gets set to benefit from supply chain switch from China

“South Vietnam’s Cai Mep-Thi Vai container port recently saw the maiden call of 2M’s TP17 service –...

by The Loadstar

Longshore workers set to strike at two Montreal marine terminals

“Montreal longshore workers will strike for 40 hours at two marine terminals starting Thursday after...

by JOC

CMA CGM taps into Africa’s economic advancement

“With African nations seeing a record growth rate of 5% over the past decade CMA CGM has turned its focus to the continent for investment.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

JEDDEX service update

The following advisory was published by CMA CGM:

Willing to broaden its port coverage in Red Sea...

by CMA CGM

Maersk SAECS service to give Cape Town a miss as port congestion builds

“Severe port congestion in Cape Town Container Terminal is forcing container lines serving South Afr...

by The Loadstar

Cargo volumes up 15.9% at Panama ports in Jan – May

“Cargo volumes in Panamanian ports grew by 15.9% during January-May 2020, in spite of the country fighting against the spread of the Coronavirus.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

by Seatrade Maritime News

CEVA Logistics widens stance in Africa

“CEVA Logistics on Monday, June 15, announced that it has acquired a majority stake in African freig...

by Freight Waves

Court allows APL England captain to leave Australia

“The captain charged in connection with the loss of containers from the APL England will be allowed...

by Freight Waves

Asia-US west coast spot rates up 100% on a year ago as demand grows

“A further massive spike in transpacific container spot rates this week may encourage ocean carriers servicing the route to ‘unblank’ more sailings to meet market demand.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Taiwan’s Yang Ming and Evergreen in line for $540m state-backed loan

“Yang Ming is to receive TW$8bn ($270m) in financial assistance from the Taiwan government.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Container shipping could be facing a $10bn-plus loss for 2020

“Ocean carriers generally managed to navigate the supply-disrupted first three months of the year qu...

by The Loadstar

CMA CGM’s volume falls amid COVID-19 pandemic

“CMA CGM’s volume fell by 4.6% year-on-year (YoY) in the first quarter of the 2020 due to global uncertainty caused by the COVID-19 pandemic.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

CMA CGM reports profit, eyes 10 percent H1 volume fall

“CMA CGM is expecting its global volume to decline by 10 percent in the first half as the impact on demand of the coronavirus disease 2019 (COVID-19) worsens through the second quarter.” See the original story at JOC. Source: JOC (JK)

by JOC

CMA CGM sets goal of being carbon neutral by 2050

“CMA CGM CEO Jacques Saade has announced the carrier intends to be carbon neutral by 2050 in a virtual conference of world maritime leaders.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology