OPDR was owned by the Schulte Group and operates in the North Europe, Canary Islands, the Iberian Peninsula and Morocco markets.
The company owns five 700 teu containerships and two con-ro vessels. It operates a further three chartered containerships.
“This new acquisition reinforces the group’s presence on the growing intra-European Short Sea transportation market,” said Farid T Salem, group ceo of CMA CGM.
“This is a continuation of our strategy to broaden our regional network, a strategy which began with the acquisition of MacAndrews in 2002. As with MacAndrews, we plan on maintaining and developing the OPDR company, as well as creating new synergies with both MacAndrews and the CMA CGM Group”.
In 2014 OPDR is expected to carry 240,000 teu.
No financial details of the transaction were disclosed which is subject to regulatory approval.
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