CMA CGM

CMA CGM To Raise $2 Billion from 10 Terminals’ Sell

France’s CMA CGM SA plans to raise around $2 billion by the middle of next year through a series of deals in its shipping operations to finance the recent acquisition of Ceva Logistics, reports Reuters.

Terminals sell out

The container shipping giant said that it will get about $969 million from the sale of its stake in 10 port terminals to Terminal Link, its joint venture with China Merchants Port Holdings Co. Ltd., an arm of Chinese government-owned China Merchants Group.

The joint venture has...

http://mfame.guru/cma-cgm-to-raise-2-billion-from-10-terminals-sell/

Cheaper fuel rescues box carriers’ Q3 margins, but IMO 2020 looms

Cheaper fuel prices saw ocean carriers improve their average operating margin to 3.6% in the third quarter.
This compares with just 0.6% in Q3 last year and is despite a 1.8% decline in freight rates.
According to Alphaliner, the Q3 market leader was Hapag-Lloyd, with an operating margin of 7.8%, followed by Maersk, at 7.3%. 
Dragging down the average for the carriers that publish their results was HMM, with a negative operating margin of -5.7%, extending …

The post Cheaper fuel rescues box...

https://theloadstar.com/cheaper-fuel-rescues-box-carriers-q3-margins-but-imo-2020-looms/

Supply chain radar: Don’t write off Ceva as it races against time

What Ceva Logistics is up to is crystal clear from its interim financials released on Monday, which were unusually good in the right spots, given its latest performance standards before joining the CMA CGM family this year.
In fact, not only does its restructuring continue but it is actually accelerating, indicated by the numbers and confirming insiders’ talk of a major effort aimed at rendering Ceva a leaner 3PL going forward after …

The post Supply chain radar: Don’t write off Ceva as it races...

https://theloadstar.com/supply-chain-radar-dont-write-off-ceva-as-it-races-against-time/

CMA CGM recaudará $ 2 mil millones vendiendo sus puertos y barcos para financiar a CEVA

PARÍS, 25 nov (Reuters) – El grupo naviero CMA CGM dijo que planeaba recaudar $ 2 mil millones para ayudar a financiar su adquisición de CEVA Logistics, con la mitad del efectivo proveniente de la venta de activos portuarios a su empresa conjunta con China Merchants Port Holdings Co. 001872. SZ....

https://fullavantenews.com/cma-cgm-recaudara-2-mil-millones-vendiendo-sus-puertos-y-barcos-para-financiar-a-ceva/?lang=es

Cash-strapped CMA CGM to sell terminals and ships despite Q3 profit

CMA CGM posted a $45m net profit for the third quarter, reducing the French transport and logistics group’s nine-month loss to $107m.
The number of containers carried in Q3 rose by an above-market par 5.1% on the same quarter of 2018, to 5.5m teu, which it attributed mainly to growth from its shortsea business, including the integration of Containerships.
However, excluding CEVA Logistics revenue, turnover fell 3%, to $5.88bn, as freight rates …

The post Cash-strapped CMA CGM to sell terminals...

https://theloadstar.com/cash-strapped-cma-cgm-to-sell-terminals-and-ships-despite-q3-profit/

CMA CGM applies LSS on RoRo Med Lines

From January 1st, 2020, the new IMO (International Maritime Organization) 2020 Low Sulphur Regulation will be in effect: all sea-going vessels worldwide will have to comply and reduce their sulphur emissions by 85 %.

CMA CGM announces that its commercial policy regarding bunker-related surcharges on its SSL RoRo Med Lines has been reviewed, and that the company will apply the following LSS20 as from December 1st, 2019:

RoRo Tunisia

  • Trailers : EUR 112 per unit
  • Various Rolling Cargo : EUR 8 per...

https://container-news.com/cma-cgm-lss-roro-med-lines/

Sulphur Cap Could Lead To a Greater Differentiation of Services, Says Alphaliner

According to consultancy Alphaliner, the upcoming sulphur regulation in bunkers could lead to a greater differentiation of services in the liner sector, reports World Cargo News.

What is the reason pointed?

The consultancy Alphaliner thinks the upcoming cap on the sulphur content in bunkers, could lead to a greater differentiation of services in the liner sector.

While most container carrying lines will have no other option than to bunker their vessels with VLSFO (very low sulphur fuel oil),...

http://mfame.guru/sulphur-cap-could-lead-to-a-greater-differentiation-of-services-says-alphaliner/

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