CMA CGM Log

CMA CGM hit by cyber attack, but says it’s business as usual

French container shipping line CMA CGM has confirmed it is the latest victim of a cyber attack, after its website and some those of its subsidiaries went down over the weekend.
However, the group’s corporate website, cmacgm-group.com, was working and carried a message on its homepage.
It said: “The CMA CGM group (excluding Ceva Logistics) is currently dealing with a cyber-attack impacting peripheral servers.
“As soon as the security breach was detected, external …

The post CMA CGM hit by cyber...

https://theloadstar.com/cma-cgm-hit-by-cyber-attack-but-says-its-business-as-usual/

On the wires: CMA CGM – The devil is in the (not-so hidden) detail

“The good results of the first quarter demonstrate the strength and the resilience of the group. During this unprecedented crisis, our customers have been able to rely on (…) the complementarity of our logistic and maritime offers, in order to ensure the continuity of their supply chains. (…) We anticipate an improvement during the second quarter, thanks to our operational flexibility and our discipline in terms of cost control.”

– Rodolphe …

The post On the wires: CMA CGM – The devil is in the...

https://theloadstar.com/on-the-wires-cma-cgm-the-devil-is-in-the-not-so-hidden-detail/

Supply chain radar: Ceva Logistics – the trouble with missed promises

The CMA CGM headline story is there for all to see, but then right underneath its 2019 ebit line, the full damage of years spent looking at shuffling its asset base, often using debt to propel strategy is unmissable: core ebit of $1.13bn, interest expenses of $1.39bn.
This means: look, we are operationally sound but on a wing and a prayer financially. But do those audited numbers do justice to the grand …

The post Supply chain radar: Ceva Logistics – the trouble with missed promises appeared...

https://theloadstar.com/supply-chain-radar-ceva-logistics-the-trouble-with-missed-promises/

On the wires: Ceva loads the C-suite amid rumours of job cuts

“After an initial transitional phase of reorganisation, which made it possible to deploy new processes and define an ambitious strategy for a return to profitability, Ceva Logistics is implementing its second phase of development. This business plan is based on several strategic axes: development of new products, development of the network in Africa and South-East Asia, digitalisation plan, investment in IT tools particularly in Freight Management.” – Ceva Logistics, 15 January …

The post On the...

https://theloadstar.com/on-the-wires-ceva-loads-the-c-suite-amid-rumours-of-job-cuts/

Supply chain radar: Watch out for week 51 at Ceva Logistics. Happy Xmas?

As you might remember, last week CMA CGM talked up the prospects of its asset-light logistics arm Ceva Logistics with group CFO Michel Sirat stressing the view that investment in Ceva will ensue, rather than meaningful job cuts.
Quite honestly, some of my sources were hardly impressed with those remarks and insist there are plans in Marseille that entail a leaner structure for the combined CMA CGM + Ceva workforce.
When I …

The post Supply chain radar: Watch out for week 51 at Ceva Logistics....

https://theloadstar.com/supply-chain-radar-watch-out-for-week-51-at-ceva-logistics-happy-xmas/

Supply chain radar: Ceva reshuffles, names new global head of ocean freight

Some changes have been announced internally at Ceva Logistics, which testifies to a willingness to speed up its current restructuring as part of the new CMA CGM family and ahead of its de-listing, which is imminent.
Here are the details that have emerged in the past few hours, shared by our sources.
Global head of ocean freight
“Stéphane Gautrais joins Ceva as of 22 November, 2019 taking over the role of global head …

The post Supply chain radar: Ceva reshuffles, names new global head of ocean...

https://theloadstar.com/supply-chain-radar-ceva-reshuffles-names-new-global-head-of-ocean-freight/

On the wires: CMA CGM running Ceva as ‘others could only dream about’? Not yet, but…

“Ceva went through significant and structural changes in the first half of 2019 against a challenging macroeconomic backdrop. We are currently focusing on the turnaround of the company through deep operational changes and on achieving positive free cash flow as early as the fourth quarter 2019.” – Nicolas Sartini, chief executive officer of Ceva Logistics, 31 July 2019.
What’s been done: The focus is, in Ceva’s own words, “on top line improvement …

The post On the wires: CMA CGM running Ceva as...

https://theloadstar.com/on-the-wires-cma-cgm-running-ceva-as-others-could-only-dream-about-not-yet-but/

Analysis: The axe will fall on Ceva as CMA CGM’s cost-cutting exercise gathers speed

Last week’s headlines pointed to a rationalisation in the number of routes that CMA CGM would serve in future, as well as brands consolidation as part of a comprehensive efficiency push, yet its consolidated numbers clearly suggest where the axe will fall if it hits its ambitious $1.5bn savings targets. And that’s staff – predominantly, I expect, Ceva Logistics’ staff.
The gist: the 3PL subsidiary it now fully controls via a …

The post Analysis: The axe will fall on Ceva as CMA CGM’s...

https://theloadstar.com/analysis-the-axe-will-fall-on-ceva-as-cma-cgms-cost-cutting-exercise-gathers-speed/

Ceva narrows its focus on its core business of logistics, with CMA CGM support

“We are starting to be a normal company now,” said Xavier Urbain, CEO of Ceva Logistics, this morning.
By which he means Ceva plans to focus on its actual business, logistics, after years of refinancing, M&A talk, IPOs – and bankers’ fees.
“In the past five years we have done five refinancings,” he explained. “You must understand what that means in fees. And then the IPO.
“We didn’t have the time to focus …

The post Ceva narrows its focus on its core business of logistics, with CMA CGM support...

https://theloadstar.com/ceva-narrows-its-focus-on-its-core-business-of-logistics-with-cma-cgm-support/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.