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CMA CGM invests in Brittany Ferries to support post-Covid recovery

Photo: Brittany Ferries brittany ferriers. jpeg.jpeg
CMA CGM Group has announced it will make a $29.5m investment in Brittany Ferries, including $12m in quasi-equity, to help Brittany Ferries’ post-Covid-19 recovery.

The shipping line said the partnership would help to unlock synergies between the two companies in passenger and freight transport. It will also help promote the development of cross-Channel shipping and underpin France’s position in the sector.

The commercial partnership will give available cargo space on board Brittany Ferries’ services to the United Kingdom, Ireland and the Iberian Peninsula and expand CMA CGM Group’s offering in the ro-ro sector for the Atlantic and northern coast of France to destinations in the United Kingdom.

CMA CGM´s expertise in freight and logistics will help Brittany Ferries to adapt more easily to the post-Covid-19 trends in goods transportation, including the transport of unaccompanied trailers, and to offer new transport services so it can better meet the needs of its customers. Through this agreement, both groups will be able to introduce new roro services.

CMA CGM and Brittany Ferries, committed to developing liquefied natural gas (LNG) to power their ships, will introduce more environmentally-friendly shipping and logistics solutions.

Two new LNG-powered ships are due to join Brittany Ferries’ fleet next year and in 2023. The new Ro-pax vessels, to be named Salamanca and Santoña, will operate services between the United Kingdom and Spain.

 

TAGS: Europe CMA CGM
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