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CMA CGM company logo
Corporation
AUTOMOTIVE & TRANSPORTATION | Transportation Services / Freight forwarding & courier services
cma-cgm.com

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Founded Year

1978

Stage

Loan | Alive

Total Raised

$1.18B

Last Raised

$1.18B | 1 yr ago

Revenue

$0000 

About CMA CGM

CMA CGM is a container shipping company. Operating a fleet of vessels. The group aims to serve ports of call around the world.

CMA CGM Headquarter Location

4, quai d'Arenc

Marseille, 13235,

France

+33 (0)4 88 91 90 00

Latest CMA CGM News

Cargo shipping giant partners with Brittany Ferries after 25m-euro investment

Sep 14, 2021

Cargo shipping giant partners with Brittany Ferries after 25m-euro investment CMA CGM Group will work with Plymouth-headquartered cross-Channel operator to carry more freight between UK and continent 10:06, 14 SEP 2021 Brittany Ferries' Armorique vessel Sign up to FREE email alerts from BusinessLive - South West - your daily regional round-up of latest headlines, comment and analysis Invalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice World leading shipping company CMA CGM Group has made a 25million-euro investment in cross-Channel operator Brittany Ferries to help it bounce back after the Covid pandemic by carrying more freight. The agreement establishes a commercial partnership between the CMA CGM Group, which operates a fleet of 542 container ships around the world, and Brittany Ferries, which has its UK headquarters in Plymouth, through the use of available cargo space on board Brittany Ferries’ services to the UK, Ireland and the Iberian Peninsula. It will mean Brittany Ferries carrying more goods aboard its roll-on roll-off (roro) ships, thereby gaining more expertise in freight and logistics and adapting to the post-Covid-19 trend in goods transportation. Brittany Ferries in the news This will include the transport of unaccompanied trailers, and offering new transport services so it can better meet the needs of its customers. Both companies will also be able to introduce new roro services The agreement - which will help the companies work together in passenger and freight transport and promote the development of cross-Channel shipping and underpin France’s position in the sector - was announced at the Assises de l’économie de la mer event, the largest annual conference for France’s sea economy businesses. The 25m-euro investment includes a 10m-euro quasi-equity package, typically a form of unsecured debt that includes flexible repayment terms. Under the agreement a representative of the CMA CGM Group will join Brittany Ferries’ supervisory board. CMA CGM and Brittany Ferries, both of which are committed to developing liquefied natural gas (LNG) to power their ships, will also be looking at ways of sharing their LNG knowledge and resources in areas such as training for French crews and safety procedures. Both companies have also undertaken to introduce more environmentally-friendly shipping and logistics solutions. Two new LNG-powered ships are due to join Brittany Ferries’ fleet next year and in 2023. The new Ro-pax vessels, to be named Salamanca and Santoña, will operate services between the UK and Spain. In addition, Brittany Ferries is about to introduce a new rail freight service to expand its multimodal offering. By the end of 2022 the company will offer its customers an unaccompanied trailer transport service on the Atlantic coast rail network between Bayonne and Cherbourg. How to contact William Telford and Business Live Business Live's South West Business Reporter is William Telford. William has more than a decade's experience reporting on the business scene in Plymouth and the South West. He is based in Plymouth but covers the entire region. To contact William: Email: william.telford@reachplc.com - Phone: 01752 293116 - Mob: 07584 594052 - Twitter: @WTelfordHerald - LinkedIn: www.linkedin.com - Facebook: www.facebook.com/william.telford.5473 Stay in touch: BusinessLive newsletters have been re-designed to make them even better. We send morning bulletins straight to your inbox on the latest news, views and opinion in the South West. Get our breaking news alerts and weekly sector reviews too. Sign up now - it's free and it only takes a minute. To sign up for Business Live's daily newsletters click here And visit the Business Live South West LinkedIn page here French-owned Brittany Ferries was launched in 1972 and started operation in January 1973. It now employs 2,474 people and runs 12 vessels between France, the UK, Spain and Ireland. But it saw revenue dip to 202.4m euros in 2020, from 469m euros the year before, as the Covid pandemic curbed services, slashing passenger numbers to 752,102 in 2020 from 2,498,354 in 2019.Freight was less badly affected during the pandemic with 160,377 vehicles carried in 2020, compared to 201,554 in 2019. In October 2020, the company predicted a freight boost could occur as trade continued and even expanded post-Covid lockdowns. The CMA CGM Group serves more than 420 ports on five continents. Its fleet carried close to 21million TEU (twenty-foot equivalent nit) containers in 2020. Read More

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