CEVA

CMA CGM subsidiaries augment air cargo capacity in different ways

France-based shipping and logistics giant CMA CGM made air cargo news on two fronts last week.

Ceva Logistics, the eighth-largest 3PL in the world, introduced a scheduled air charter service from China to the U.S. amid rising trade tensions between the countries. Meanwhile, sister company CMA CGM Air Cargo received a green light from a court in Belgium to take over Air Belgium’s all-cargo operations.

Ceva Logistics said it has rented a Boeing 747-400 freighter and crew from Atlas Air to operate...

https://www.freightwaves.com/news/cma-cgm-subsidiaries-augment-air-cargo-capacity-in-different-ways

CMA CGM integrates GEFCO into CEVA brand

Following the acquisition of GEFCO by French CMA CGM Group, the European automotive logistics provider’s brand will now become CEVA Logistics.

In particular, CMA CGM’s subsidiary CEVA Logistics announced on 10 January the creation of a dedicated Finished Vehicle Logistics (FVL) organisation as part of GEFCO integration process.

According to a statement, any GEFCO’s remaining business, mostly in contract logistics and ground transportation, is going to integrate into CEVA’s existing operations.

CEVA...

https://container-news.com/cma-cgm-integrates-gefco-into-ceva-brand/

CMA CGM, CEVA Logistics launch new intermodal service from Italy to Europe

CMA CGM and its subsidiary CEVA Logistics have started a new weekly intermodal service from the port of Trieste in Italy to Central and Eastern Europe.

The first block train operated at Hamburger Hafen und Logistik AG’s Italian multi-purpose terminal “Piattaforma Logistica Trieste” (HHLA PLT Italy) launched on 4 June.

Antonio Barbara, managing director of HHLA PLT Italy, said, “It is an important milestone for HHLA PLT Italy and for us, it is a clear sign of the attractiveness of the terminal and...

https://container-news.com/cma-cgm-ceva-logistics-launch-new-intermodal-service-from-italy-to-europe/

CMA CGM’s CEVA Logistics becomes official partner of Ferrari

CEVA Logistics, part of the CMA CGM Group, has entered into a new global, multi-year partnership with Ferrari to support its racing activities as an official logistics partner, while it will also serve as a team partner of Scuderia Ferrari, one of the most popular teams in Formula 1.

CEVA Logistics will provide all logistics support services for the Scuderia Ferrari cars and equipment for Grand Prix events, as well as for the GT racing series and other Ferrari Challenge events.

As a team partner...

https://container-news.com/cma-cgms-ceva-logistics-becomes-official-partner-of-ferrari/

Maersk Appoints New MD for South Asia

Maersk has appointed Vikash Agarwal as its new managing director, Maersk South Asia and he will join the organisation on March 1, 2021, says an article published ITLN.

About Vikash Agarwal

“Vikash Agarwal is a highly accomplished business leader and has had a successful track record of leading country-level operations with wide-ranging regional roles in the logistics industry. In a career spanning more than two decades, he has held responsibilities for managing finance, business advisory,...

https://mfame.guru/maersk-appoints-new-md-for-south-asia/

China-Europe landbridge ‘will become one of the world’s major tradelanes’

DSV’s new intercontinental road bridge between China and Europe aims to take pressure off air freight and increasingly busy rail services – but offers less environmental benefits than rail.
Transit times are between 14 and 18 days, on trucks that are equipped with GPS tracking.
DSV told The Loadstar that, while it was unable as yet to provide figures on potential capacity, it had “a lot available” for the DSV Silkway Express, …

The post China-Europe landbridge ‘will become one of the world’s...

https://theloadstar.com/china-europe-landbridge-will-become-one-of-the-worlds-major-tradelanes/

Forwarders slam Maersk: ‘moving from supplier to becoming a competitor’

Major forwarders may abandon Maersk over concerns that the line’s new “integrated” business and “aggressive” strategy creates conflict of interests, and that it wants to cut forwarders from its business.
DB Schenker confirmed to The Loadstar that it had lost key account status with the shipping line, but said it had switched most of its volumes.
“In May 2020, DB Schenker removed more than 90% of the freight volume loaded at Maersk, and shifted …

The post Forwarders slam Maersk: ‘moving from...

https://theloadstar.com/forwarders-slam-maersk-moving-from-supplier-to-becoming-a-competitor/

Career Tracks: Yang Ming names new CEO

The board of Yang Ming Marine Transport Corp. has elected Cheng Cheng-Mount as chairman and chief executive officer.

Effective Thursday, Cheng succeeded Hsieh Chih-Chien as leader of the Taiwanese container carrier. Cheng was appointed by the National Development Fund, Yang Ming’s second-largest shareholder, to the company’s board of directors in 2018. 

Cheng, who earned a master’s degree in economics from the University of Wisconsin-Madison, began his career as an assistant research fellow at...

https://s29755.pcdn.co/news/career-tracks-yang-ming-names-new-ceo

CMA CGM Delivers Strong Q2 2020 Results Despite COVID-19 Pandemic

  • Ebitda grew by 30% to $1.05bn, with the operating margin up 86% to $497m in the shipping industry.
  • The group generated operating cash flow of more than $1.1bn, despite the COVID situation.
  • The group secured a €1.05bn guaranteed bank loan, with €300m of that allocated to Ceva.
  • 50% of all Ceva Logistics locations to operate on the CargoWise platform by 2022.

CMA CGM has published strong second-quarter results on the back of capacity and rate discipline, despite shipping volumes down 13.3% on the...

https://mfame.guru/cma-cgm-delivers-strong-q2-2020-results-despite-covid-19-pandemic/

Strong Q2 for CMA CGM and subsidiary Ceva continues its turnaround

CMA CGM has published strong second-quarter results on the back of capacity and rate discipline, despite shipping volumes down 13.3% on the same period of last year.
Group ebitda was 26.3% higher than Q2 19, at more than $1.2bn; revenues, down 9%, came in at $7bn “due to a slowdown in volumes”.
But the ebitda margin was 17.2%, against 12.4% a year earlier, with an operating margin of $530, or 7.6%, against …

The post Strong Q2 for CMA CGM and subsidiary Ceva continues its turnaround appeared...

https://theloadstar.com/strong-q2-for-cma-cgm-and-subsidiary-ceva-continues-its-turnaround/

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