LNG-powered CMA CGM Ambition named in South Korea

French shipping heavyweight CMA CGM has held a naming ceremony for the newest addition to its fleet, CMA CGM Ambition.

The naming ceremony took place at Samsung Heavy Industries’ Geoje shipyard. The new low-carbon-energy-ready ship is 268 meters long and 43 meters wide.

It is the latest addition to a series of 7,300 TEU vessels powered by liquefied natural gas (LNG). Other 7,500 TEU containerships include CMA CGM Innovation, CMA CGM Legacy, and CMA CGM Endurance.

To remind, a few weeks ago, CMA CGM welcomed LNG dual-fuel CMA CGM Paraty into the fleet built by Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC).

CMA CGM and public sector investment bank Bpifrance recently launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry. €110 million will be available in grants and €50 million for equity investments to support maritime firms’ decarbonization efforts.

What is more, €20 million will be dedicated to helping French fishing companies decarbonize their fleets. Moreover, a €20 million grant will be allocated directly by the fund to advance maritime research, propelling the industry into a sustainable future.