CMA CGM

Port of NOLA handles its largest boxship ever

The Port of New Orleans (Port NOLA) welcomed its largest container ship ever when the CMA CGM operated Pusan C, a 9,500 twenty-foot-equivalent unit (TEU) vessel, called on Oct. 8 at the Napoleon Avenue Container Terminal operated by Ports America.

“The deployment of larger vessels highlights our strong growth in container volumes and the success of the PEX 3 service connecting America’s heartland to global markets like Asia,” said Brandy D. Christian, Port of New Orleans President and CEO. “Gulf...

http://container-news.com/port-nola-handles-largest-boxship-ever/

CEVA rejects DSV’s takeover approach

Swiss transport group Ceva Logistics rejected an unsolicited takeover approach from Denmark’s DSV, saying on Thursday the 1.53 billion Swiss franc ($1.55 billion) cash bid undervalued the company that went public only in May.

Danish freight forwarder DSV offered 27.75 francs per share for Ceva in cash, a 50 percent premium to the previous close of 18.42 francs, saying it was confident a combination was in the best interests of both companies “by extending our service offering and giving our...

http://container-news.com/ceva-rejects-dsv-takeover-approach/

CMA CGM’s FAK Rates – From North Europe to ISC

Find the new applicable CMA CGM Freight All Kinds (FAK) rates(*) as follows as from November 1st, 2018 and until further notice:

These new FAK rates will apply as follows:

  • Origin Range: From all North European base ports (*offered in direct on CMA CGM services)
  • Destination Range: To India, Pakistan and Sri Lanka base ports (*offered in direct on CMA CGM services)
  • Date of application: From November 1st, 2018 (date of loading in the origin ports) and until further notice

The post CMA CGM’s FAK...

http://container-news.com/cma-cgm-fak-rates-north-europe-isc/

Market Insight: CEVA and CMA CGM – vertical consolidation the next step?

Events have overtaken me this week. I began this column with the following:
“The recent appointment of Serge Corbel as the new chief financial officer of CEVA Logistics fuelled speculation that CMA CGM might be ready to snap up the freight forwarding and contract logistics specialist in which the French carrier already owns a near-25% stake.
“What could be going on behind the scenes is just as important as trying to understand …

The post Market Insight: CEVA and CMA CGM – vertical consolidation...

https://theloadstar.co.uk/market-insight-ceva-cma-cgm-vertical-consolidation-next-step/

CMA CGM, latest FAK rates

Find the new applicable CMA CGM Freight All Kinds (FAK) rates(*) as follows as from November 1st, 2018 (date of loading in the origin ports) and until further notice (but not beyond November 30th, 2018):

These new FAK rates will apply as follows:

  • Origin Range: From all Asian ports (including Japan, Southeast Asia and Bangladesh)
  • Destination Range: To all Northern European ports (including UK and the full range from Portugal to Finland/Estonia)
  • Dry cargo, OOG, Paying empties and Reefer cargo
  • Dat...

http://container-news.com/cma-cgm-latest-fak-rates/

CMA CGM supports CEVA’s decisions

CMA CGM has the strategic ambition to accelerate CEVA’s turnaround and create value for all stakeholders, as discussed within the Board of CEVA during the last few weeks.

Shipping giant plans to unlock CEVA’s potential by:

  • Bringing its recognized operational expertise and turnaround track record to reinforce CEVA’s management and organization and help it deliver a quicker and deeper turnaround.
  • Generating new commercial opportunities: as a leading shipping company, CMA CGM will generate new...

http://container-news.com/cma-cgm-supports-ceva-decesions/

DSV takeover bid for CEVA Logistics rebuffed, but CMA CGM eyes bigger stake

CEVA Logistics has rejected an unsolicited takeover bid by Danish rival DSV worth around $2.5bn.
DSV confirmed today it had made an offer of CHF27.75 per CEVA share, which is listed on the Swiss stock exchange with a share issue of some 55m.
The offer would value its equity at just over $1.5bn – a figure that goes up to $2.5bn once CEA’s net debt of around $1bn is included. CEVA was IPO’d at CHF27.5 …

The post DSV takeover bid for CEVA Logistics rebuffed, but CMA CGM eyes bigger stake appeared...

https://theloadstar.co.uk/dsv-takeover-bid-ceva-logistics-rebuffed-cma-cgm-eyes-bigger-stake/

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