Rodolphe Saadé

Maersk and CMA CGM team up on green fuels

Container shipping and logistics giants Maersk and CMA CGM have decided to collaborate on several areas relating to decarbonization, particularly on developing the use of alternative greener fuels for container vessel propulsion.

Both companies have set a net-zero target for their shipping business, have identified scalable solutions that they say can create impact in this decade, and have already individually taken significant steps to promote shipping decarbonization..

Maersk has been ordering...

https://www.marinelog.com/legal/environment/maersk-and-cma-cgm-team-up-on-green-fuels/

CMA CGM boss Saadé part of tycoon consortium to buy French television station M6

The chairman and chief executive officer (CEO) of the CMA CGM Group, Rodolphe Saadé aims to expand further into the mass media sector.

After being set to take over the Marseille-based top-selling newspaper La Provence, French media report that Saade is part of a consortium comprising well-known French businessmen bidding to acquire a 48% stake in the country’s largest commercial television station M6.

The 48% stake is held by German media group Bertelsmann, through RTL, and bids close at 14:00...

https://container-news.com/cma-cgm-boss-saade-part-of-tycoon-consortium-to-buy-french-television-station-m6/

CMA CGM boss Rodolphe Saadé shares his vision with French senators

The chairman and chief executive officer (CEO) of CMA CGM Group, Rodolphe Saadé, was invited to talk about his vision for maritime transport and supply chains with the Commissioners for Economic Affairs and Regional Planning and Development.

Through his speech, Rodolphe Saadé highlighted the history of the CMA CGM Group, the company’s roots, and its strategic importance for France. He also presented the various actions implemented by the Marseille-based group to alleviate tensions in global...

https://container-news.com/cma-cgm-boss-rodolphe-saade-shares-his-vision-with-french-senators/

House panels open price-gouging probe of major ocean carriers

Two congressional oversight panels have opened an investigation of three major ocean carriers, alleging that their dramatic rate hikes charged to shippers may have fueled inflation.

Leaders of the Select Subcommittee on the Coronavirus Crisis and the Subcommittee on Economic and Consumer Policy — which operate under the House Committee on Oversight and Reform — sent letters on Wednesday to heads of Maersk, CMA CGM and Hapag-Lloyd requesting information about their container rate increases and...

https://www.freightwaves.com/news/house-panels-open-price-gouging-probe-of-major-ocean-carriers

CMA CGM acquiring Port of LA’s Fenix Marine Services

The CMA CGM Group announced it will become the sole owner of the Fenix Marine Services (FMS) terminal at the Port of Los Angeles by acquiring the remaining 90% stake in a deal with an enterprise value of $2.3 billion. 

“After closing, the CMA CGM Group will take over the operations of this strategic industrial facility with a goal of improving its service quality to better deliver upon its customers’ expectations,” Wednesday’s announcement said.  

The French shipping giant already held a 10%...

https://www.freightwaves.com/news/cma-cgm-acquiring-port-of-las-fenix-marine-services

CMA CGM steering LNG-powered ships to US

CMA CGM Chairman and CEO Rodolphe Saadé recently announced that the France-headquartered company would dedicate six liquefied natural gas-powered container ships to the U.S. market as part of its drive to propel the energy transition of the shipping industry.

The first of these six container ships, which each will have a capacity to carry 15,000 twenty-foot equivalent units (TEUs) will be delivered in October. All six will be operational by the end of 2022, CMA CGM said. The vessels will be...

https://www.freightwaves.com/news/cma-cgm-steering-lng-powered-ships-to-us

CMA CGM To Employ LNG-Powered Ships On The Transpacific

CMA CGM is to deploy six LNG-powered 15,000 teu ships on the transpacific, the largest gas-powered boxships to call in North America to date, reports Splash247.

The future of Bio-LNG

The first of these new vessels will be delivered in October 2021, and all ships will be fully operational by the end of 2022, by which time the French liner will be operating 32 gas-powered ships, predominantly on the Asia-Europe tradelane.

CMA CGM is the carrier with the biggest investments in LNG-powered tonnage to...

https://mfame.guru/cma-cgm-to-employ-lng-powered-ships-on-the-transpacific/

CMA CGM expanding in Virginia, launching startup incubator

The CMA CGM Group this week announced it will grow its presence in Virginia, where the ocean container shipping company’s U.S. headquarters is located, and create more than 400 jobs. 

The company said it will invest a projected $36 million to expand operations in Hampton Roads, reinforce its headquarters in Norfolk and establish in Arlington County the American hub of ZEBOX, a startup incubator and accelerator initiated by Rodolphe Saadé, chairman and CEO of the CMA CGM Group. 

“ZEBOX will assist...

https://www.freightwaves.com/news/cma-cgm-expanding-in-virginia-launching-startup-incubator

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