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

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.

Michele Labrut, Americas Correspondent

September 16, 2021

1 Min Read
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Photo: Brittany Ferries

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.

Related:CMA CGM suspends all spot container freight rate increases

 

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About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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