Monday, September 08, 2014

  • CMA CGM confirms its global development strategy
  • CMA CGM signs key agreements with two important players from major geographic areas
  • CMA CGM proposes a new and unique service offering combining speed and reliability

The CMA CGM Group, the world’s third largest container shipping company, is pleased to announce the signature of three major agreements with CSCL and UASC.

Under the name of OCEAN THREE, the agreements concern the following maritime trades: Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast.

The agreements (a combination of Vessel Sharing Agreements, Slot Exchange Agreements and Slot Charter Agreements) will complete the CMA CGM offering on the biggest global maritime markets:

  • On the Asia-Europe trade: 4 weekly services, which complete the 2 existing services, thereby offering 6 departures per week
  • On the Asia-Mediterranean trade: 4 weekly services, 2 to the Mediterranean, 1 to the Adriatic and 1 to the Black Sea the only one on this market
  • On the Transpacific: 4 weekly services to California and 1 service to the Pacific Northwest (United States and Canada)
  • On the Asia-US East Coast trade: 1 service via the Suez Canal and 1 service dedicated to the Gulf of Mexico.
  • The agreements on the Transatlantic trade are being finalized and will soon be announced.

This new offering will combine both speed and reliability. Rotations will be optimized with calls in all the biggest Asian, European and North American ports, using transshipment hubs common to the three partners.

The number of weekly calls proposed and the transit times will be among the best on the market, thereby responding to the expectations of our clients.

Rodolphe Saadé, CMA CGM Vice Chairman, declares: “We are very pleased to have signed these three agreements with such reputable partners, whom we both know and appreciate. This will allow us to propose to our clients a high quality and reliable alternative to existing services on the market. CMA CGM will continue its global development.”

These agreements are pending authorization from the FMC (Federal Maritime Commission).

CMA CGM, founded and led by Jacques R. Saadé is the world’s third largest container shipping company and has a turnover of 15.9 billion USD in 2013. Operating a fleet of 430 vessels, the Group serves more than 400 ports around the world. In 2013, the Group carried 11.4 million TEUs (twenty-foot equivalent units). With a presence on every continent and in 150 countries through its network of 650 agencies and branch offices, the Group employs more than 18,000 people worldwide and 2,400 in its headquarter in Marseilles.

About China Shipping Container Lines - CSCL
China Shipping Container Lines Co., Ltd. (CSCL), affiliated to China Shipping Group, is a global container liner service provider involved in a diversified business. Founded in 1997, the Shanghai based company is listed on both the Hong Kong and Shanghai Stock Exchanges. With a capital of RMB 11.683125 billion, CSCL is registered at No. A-538, International Trade Center, China (Shanghai) Pilot Free Trade Zone.

About United Arab Shipping Company - UASC
United Arab Shipping Company (UASC) is a global shipping company based in the Middle East. Founded in 1976, UASC is present in more than 75 countries around the world, covering over 200 ports and destinations worldwide. UASC offers containerized and conventional cargo transportation, temperature-controlled cargo and value-added services to a diversified global client base, covering the Middle East, Europe, Mediterranean, Indian Sub-continent, Far East, Australia, West Africa and The Americas.

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