CMA CGM

CMA CGM experiences 50% profit drop in Q2 2024

French shipping company CMA CGM Group reported a massive loss of over 50% in its second-quarter profits. The box carrier achieved a net income of US$661 million in 2024 Q2, down US$670 million from the profit levels in the same period last year.

Conversely, Group revenue stood at US$13.1 billion in the second quarter, translating to a year-on-year increase of 6.8%. However, CMA CGM’s earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 4.3% to US$2.48 billion, and the...

https://container-news.com/cma-cgm-experiences-50-profit-drop-in-q2-2024/

CMA CGM applies updated PSS from Egypt and Türkiye to West Africa

French ocean carrier CMA CGM has notified its customers of an updated Peak Season Surcharge (PSS) from Egypt and Türkiye to West Africa.

Effective from 1 August 2024 (loading date) until further notice, CMA CGM’s surcharge will apply to dry cargo shipped from Türkiye and the Eastern Mediterranean region of Egypt to West Africa.

The surcharge amount is set at US$400 per container.


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https://container-news.com/cma-cgm-applies-updated-pss-from-egypt-and-turkiye-to-west-africa/

CMA CGM applies congestion surcharge in Guyana

Due to the current congestion at the port of Georgetown in Guyana, CMA CGM is implementing a Port Congestion Surcharge (PCS).

Effective from 22 July, based on the gate-in date (19 August for the United States and Puerto Rico and 22 August for Latin American countries under notice and the US Virgin Islands), this surcharge will apply to all cargo types from anywhere in the world destined to Georgetown, the principal port in Guyana.

The surcharge will be US$300 per TEU.


...

https://container-news.com/cma-cgm-applies-congestion-surcharge-in-guyana/

CMA CGM applies peak season surcharge in Gabon

CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) from the port of Libreville in Gabon.

Effective from 15 August 2024 (loading date) until further notice (18 August 2024, for Latin American countries under notice, and 21 August 2024, for the US and US territories), this surcharge will apply to dry cargo originating from Libreville and destined to worldwide locations.

The surcharge will be US$200 per unit.


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https://container-news.com/cma-cgm-applies-peak-season-surcharge-in-gabon/

Shifts in Container Rankings: ZIM surpasses Yang Ming, CMA CGM set to overtake Maersk

MSC and ZIM Line are the fastest-growing mainline operators, according to the latest Alphaliner’s report.

MSC’s fleet has now crossed the 6 million TEU mark, thanks to aggressive newbuilding orders and recent purchases of second-hand, albeit elderly vessels.

The Swiss-Italian operator’s latest newbuilding is the 16,616 TEU MSC Juliette, which Guangzhou Shipyard International delivered on 18 July, making it the 17th large Post-Panamax addition to MSC’s fleet this year.

Last week, the Aponte...

https://container-news.com/shifts-in-container-rankings-zim-surpasses-yang-ming-cma-cgm-set-to-overtake-maersk/

CMA CGM increases rates from Indian Sub to North Europe and Med

CMA CGM has announced new Freight All Kinds (FAK) rates effective from 1 August 2024 (gate-in date), until further notice.

The updated prices will apply to dry cargo from the Indian Subcontinent (India, Pakistan and Sri Lanka) to North Europe and the Mediterranean.

The updated FAK rates will apply as follows:


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https://container-news.com/cma-cgm-increases-rates-from-indian-sub-to-north-europe-and-med/

Houthis fire projectiles at CMA CGM-operated ship

The Houthis have attacked a container vessel operated by French shipping company CMA CGM.

The Maritime and Port Authority of Singapore (MPA) said that it was informed around 10.30am local time today (19 July) that the 2001-built Singapore-flagged 2,078 TEU Lobivia was struck by unidentified projectiles while transiting the Gulf of Aden.

The resulting fire onboard was extinguished by the 24-man crew.

UK maritime security consultancy Ambrey said that Lobivia, which had three armed guards on board,...

https://container-news.com/houthis-fire-projectiles-at-cma-cgm-operated-ship/

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