The announcement of the container shipping alliance P3 Network between Maersk Line, CMA CGM and Mediterranean Shipping Co (MSC) is one that could truly warrant the tag of being a “game changer”.

China Merchants Holdings (International) (CMHI) has finalised the purchase of a 49% stake in Terminal Link from CMA CGM for approx. $531m.  

Carriers’ plans to “dump” 8,000teu boxships into Asia-South America routes have “seriously backfired”, says Drewry.

CMA CGM has announced a new weekly service, REX (Red Sea Express) 3, from Asia to the Red Sea, to be launched on May 2.

Baghdad: CMA CGM has announced its new multimodal inland port  in Baghdad will open June 2013.

Paris: CMA CGM has reported a marked return to profit in 2012 raking in $361m compared to deficit of $5m in 2011.