CMA CGM reported a 94% drop net profit in the third quarter of 2023 as the shipping and logistics industry returned to pre-pandemic conditions.

Two of the world’s largest container lines – Maersk and CMA CGM – have decided to work together on decarbonisation of shipping.

In AP Moller-Maersk’s much-heralded strategy to offer world class integrated logistics services to shippers, the nay sayers have come out in force, particularly since the boom post-pandemic boom years have ended.

Maersk is the fastest growing logistics brand growing 53% according to the latest ranking by Brand Finance.

The 15,000 teu CMA CGM Liberty has become the first LNG-powered containership to call at a Japanese port.

CMA CGM has announced it has withdrawn the name of the company Containerships as it completes integration of the company.

CMA CGM Group announced the appointment of Adeline Franger Chouraqui as Chief Executive Officer of CMA CGM Greater China, as of June 2023.

ICTSI’s terminal in the Port of Manzanillo recently handled the first LNG-powered containership to call in Mexico the CMA CGM Liberty.

CMA CGM has boosted its foothold in Spain with stakes in two Cosco-operated terminals by acquiring 49% of Cosco Shipping Ports (CSP) Valencia and 38% of CSP Bilbao from TPIH Iberia for an undisclosed sum.

A €5bn acquisition of Bollore Logistics by CMA CGM had moved a step closer as the French container line makes a put option.