CMA CGM
CMA CGM chief says 'unwise' to assume Hormuz will return to pre-war situation
The head of French shipping giant CMA CGM believes the Strait of Hormuz will not return to its previous state. The company is adapting to ongoing geopolitical issues.
CMA CGM deepens India strategy with shipbuilding, AI, and trade corridor expansion
CMA CGM Group is deepening its commitment to India. The company is commissioning LNG-powered vessels from an Indian shipyard, launching a direct trade route to the US West Coast, and establishing an AI R&D hub in Chennai. These moves signal a significant expansion, positioning CMA CGM as an integrated logistics and infrastructure player.
CMA CGM eyeing more market share in India with capacity expansion plans
CMA CGM plans to deploy additional capacity and upgrade services from India ahead of the summer season to capture an expected rise in volumes. The sharpened focus on India comes as global shipping normalises after pandemic-era disruptions and record profits. Freight rates have retreated from Covid highs.
Cochin Shipyard bags $360m order from French firm CMA CGM Group for six LNG-based vessels
Cochin Shipyard has secured a significant order worth USD 360 million from France's CMA CGM Group. The deal involves building six LNG-powered vessels. This marks the first time CMA CGM is placing orders with an Indian company. The first vessel is expected by February 2029.
Trump wants to revive shipping. Investors are slow to back him.
A French shipping giant pledged $20 billion to the U.S. maritime sector, a promise made nearly a year ago. However, only a fraction of the funds have materialized, with the company citing high costs for American-made vessels and ships. Investments are primarily focused on port infrastructure, with limited progress on fleet expansion under the U.S. flag.
France's CMA CGM places first vessel order in India
In a groundbreaking development, CMA CGM, the French maritime powerhouse, has set a precedent by commissioning six liquefied natural gas-powered ships from Cochin Shipyard Limited in India. This marks a significant milestone as it's the first instance of the global shipping leader constructing vessels on Indian soil.
Shipping giant CMA CGM and French AI startup target customer service in tie-up
After drawing massive funding, the AI sector is under pressure to deliver gains, with the emergence of low-cost Chinese AI model DeepSeek unsettling investors. Mistral gained huge exposure at an international AI gathering in Paris in February, feted by President Emmanuel Macron as a European champion to compete with American giants such as OpenAI, which produces ChatGPT.
French shipping giant expects slump in cargo rates
CMA CGM SA anticipates lower ocean freight rates as new vessel deliveries boost capacity impacted by ship diversions to avoid the Red Sea conflict.
CMA CGM expects Red Sea shipping disruption to last months
Shipping firms are diverting vessels on to the longer, more costly route around southern Africa after Houthi militants in Yemen began drone and missile attacks on ships in the Red Sea and Gulf of Aden last November.
Billionaire shipping scion warns of difficult time for industry
The outlook for the shipping sector has darkened considerably in recent months, with some of the largest container lines including A.P. Moller-Maersk A/S, Hapag-Lloyd and CMA CGM publishing significant slumps in third-quarter earnings and outlining plans for cost cutting.
World’s no. 3 container carrier warns against price war
CMA CGM SA’s third-quarter net income fell 94% to $388 million from $7.04 billion in the same three months a year earlier.
Shipping shifts from jackpot to job cuts after $364 billion boom
Over the past 10 days, Maersk, Hapag-Lloyd and closely held CMA CGM SA of France — all top-five players that together control about one-third of the world’s container capacity — said they’re cutting costs.
French shipping giant CMA CGM warns demand is deteriorating
The French transporter's gloomy outlook aligns with with European rivals Hapag-Lloyd AG and A.P. Moller-Maersk A/S.
France's CMA CGM sees profits ebbing as shipping boom fades
French-based CMA CGM, one of the world's largest container lines, reported on Friday a net profit of $7.0 billion for the third quarter, up from $5.6 billion in the year-earlier period.
French container line CMA CGM expects shipping slowdown after another strong quarter
CMA CGM said economic pressures were starting to be felt in shipping, cooling intense demand for ocean transport since the coronavirus pandemic.
CMA CGM, Hasti Petro Chemical receive 1st block train between Mundra, ICD Sanand
The fully loaded 90-TEU train was flagged off from Mundra port on April 2 and was received at ICD Sanand on April 3 in the presence of representatives from the Thar Dry Port (a unit of Hasti Petro Chemical & Shipping Ltd) and CMA CGM India.
CMA CGM India introduces Python train service on Western Dedicated Freight Corridor
The private rail service will benefit industries in Gurgaon, Manesar, Rewari, Neemrana industrial areas of Haryana and Rajasthan and ensure faster rail transportation of international cargo between the National Capital Region and Mundra, as well as Port Pipavav in Gujarat, the release added.
Infosys inks 7-yr deal with CMA CGM Group
"Infosys will also acquire CMA CGM's Innovation and Delivery Centre in Dubai, UAE, expanding its footprint in the Middle East," the statement added.
APSEZ inks pact with France's CMA CGM to operate Mundra Port
APSEZ and France's CMA CGM have signed a pact to operate a new container terminal at Mundra Port for next 15 years with an option to extend it twice for 10 more years.
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