3671 results found for 'cgx'

3671 results found for 'cgx'
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  • CMA CGM Books USD 100 Mn Loss in Q1

    23 May 2016
    Business & Finance

    French container shipping company CMA CGM reported a net loss of USD 100 million in the first quarter of 2016 in an environment characterized by strong pressure on freight rates, with average revenue per TEU fall of 17.6%. This is a substantial drop from USD 406 million profit posted in the corresponding quarter in 2015. CMA CGM’s revenue came in […]

  • CMA CGM to Acquire Mercosul Line from Maersk Line

    13 June 2017
    Business & Finance

    French liner company CMA CGM has signed a binding deal with Danish counterpart Maersk Line to acquire Mercosul Line that operates in Brazil’s domestic container shipping market. As explained, the acquisition of Mercosul Line would allow CMA CGM to strengthen its service offering to and from South America, most notably in Brazil, which was described […]

  • CGG delivers final PSTM for Dunquin survey off Ireland

    14 June 2018

    CGG has delivered the final PSTM products for the Dunquin multi-client survey in the Porcupine Basin offshore Ireland.

  • HMM, FESCO and CMA CGM Launch Joint CRS Loop

    28 March 2016
    Business & Finance

    South Korean liner Hyundai Merchant Marine (HMM) has teamed up with Russia’s FESCO and French CMA CGM on a new China-Korea-Russia weekly service, under the name ‘China Russia South Service’ (CRS). Prior to the launch, HMM has been jointly operating two services ‘KRS’ (Korea Russia Service) and ‘KR2′ (Korea Russia Service 2) with FESCO. However, […]

  • CMA CGM Boosts Links between Adriatic Sea and Egypt

    2 December 2016
    Business & Finance

    French container shipping major CMA CGM has upgraded its coverage between the Adriatic Sea and Egypt by introducing the new Adrimed Express service. The Adrimed Express service links Egypt, Malta, Croatia, Italy, and Slovenia. “Thanks to a call in Malta, a CMA CGM group’s hub, efficient transshipment connections are offered to worldwide markets. This service, which […]

  • CMA CGM Remains in Red, Repays NOL Acquisition Loan

    20 November 2016
    Business & Finance

    French shipping major CMA CGM reported a net loss of USD 202 million in the third quarter of 2016, while its revenue for the quarter fell by 16.3 percent to USD 3.33 billion, excluding NOL contribution. The company said that, including NOL contribution, CMA CGM’s quarterly net loss stood at USD 268 million, while its revenue for […]

  • CMA CGM’s LNG-Fuelled Behemoths to Fly French Flag

    23 November 2017
    Business & Finance

    World’s third biggest container shipping major CMA CGM announced plans to register four of its 20,000 TEU + size giants under the French flag. Namely, speaking at a recent Ecole Nationale Supérieure Maritime (ENSM) event, the company’s CEO Rodolphe Saadé said that CMA CGM’s next flagship, featuring 20,600 TEU will fly the French flag and […]

  • CMA CGM Newbuild Faces Troubles during Sea Trials

    28 September 2017
    Business & Finance

    CMA CGM’s newbuild New Panamax containership CMA CGM Lisa Marie suffered a mechanical failure during sea trials last week in China. Namely, on September 20 the ship’s personnel sent a distress call to Chinese Rescue and Salvage Bureau as the ship was disabled amid stormy weather in coastal waters near Shanghai. Once informed of the […]

  • CMA CGM Confirms CSSC Yards for 22,000 TEU Giants

    20 September 2017
    Business & Finance

    French shipping firm CMA CGM and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered so far. With the contract, signed on September 19 in Marseille, the company confirmed that the Chinese shipyards Hudong-Zhonghua Shipbuilding and Shanghai Waigaoqiao Shipbuilding (SWS) will be building the […]

  • Norfolk Southern, CSX Say Volumes Rise, Demand Holds

    9 September 2010

    Norfolk Southern Corp. and CSX Corp. said shipping volumes have risen more than 10 percent in the current quarter as demand remains strong in most markets. Volume increased 11 percent at CSX and 14 percent at Norfolk Southern in the third quarter through Aug. 20, executives said at the Dahlman Rose & Co. Global Transportation […]

  • CMA CGM: Rotterdam Will Be LNG Bunkering Port for New ULCVs

    11 June 2018
    Business & Finance

    CMA CGM revealed plans to use Rotterdam as a primary LNG bunkering port once it takes delivery of its new ULCVs.

  • CMA CGM Clears Regulatory Hurdles for Its Investment in CEVA

    12 July 2018
    Business & Finance

    CMA CGM has obtained all regulatory approvals to complete its investment in Swiss logistics company CEVA.

  • Jamaica: CMA CGM Invests USD 100 Million in KCT

    8 August 2011

    French shipping group CMA CGM will invest US$100 million (J$8.6 billion) and employ 1,000 in exchange for a 35-year lease to set up a… (jamaica-gleaner) [mappress] Source: jamaica-gleaner, August 8, 2011

  • Grand Alliance Upgrades Central China Express Service (CCX)

    17 July 2007

    Grand Alliance members of Transpacific Trade – Hapag-Lloyd, Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) announced today to restructure and upgrade the Central China Express Service (CCX).

  • CMA CGM adds a ninth vessel on its FAL3 service

    26 November 2007

    In a context marked by an extraordinary rise in bunker costs, CMA CGM has decided to add a ninth vessel on its FAL3 service between Asia and Europe. ‘Thanks to this additional vessel, the line will be operated in 63 days instead of 56, offering customers the benefit of an increased buffer in the schedule […]

  • CMA CGM to Order 20 Ships from Chinese Shipyards

    7 October 2011

      CMA CGM, the world’s third-largest container shipping group, is looking at placing $2 billion worth of orders to shipyards in China, where… By Alison Leung (Reuters) [mappress] Source: Reuters, October 7, 2011;

  • Greece: Danaos Corporation Takes Delivery of CMA CGM TANCREDI

    24 August 2011

    Danaos Corporation, a leading international owner of containerships, announced that on August 22, 2011, it took delivery of one more newly built containership, the CMA CGM TANCREDI, expanding its operational fleet to a total of 57 containerships aggregating 274,089 TEU. The CMA CGM TANCREDI, built at Shanghai Jiangnan Changxing Heavy Industry has a carrying capacity […]

  • Brazil: OSX Completes Its First Offloading Procedure for OGX

    30 March 2012
    Business & Finance

    On 28th March at 04h50, OSX concluded its first offloading procedure, whereby crude oil stored in FPSO OSX-1 storage tanks was pumped to a shuttle vessel, totalling approximately 600 thousand barrels for its anchor client OGX. The FPSO OSX-1 is in charge of carrying out the Extended Well Test in the Waimea accumulation, in the […]

  • GTT to design fuel tanks for CMA CGM’s LNG containerships

    8 November 2017
    Project & Tenders, Vessels

    French LNG containment systems specialist, GTT, has been chosen by Hudong-Zhonghua Shipbuilding and the shipowner CMA CGM to design cryogenic tanks for nine LNG-fueled containerships.

  • Gas Natural Fenosa to buy CGE, eyes LNG expansion

    13 October 2014
    Project & Tenders

    LNG player Gas Natural Fenosa of Spain said it has signed a deal to acquire Chile’s Compañia General de Electricidad (CGE) for EUR 2.6 billion. Gas Natural Fenosa plans to buy 100 percent of CGE’s stock, taking a minimum initial stake of 54,19 percent, according to a statement by GNF. CGE, an electricity distribution company and a natural […]

  • CGN Picks Nanpeng Island Wind Farm Cable Supplier

    7 June 2018
    Business & Finance, Project & Tenders, Storage

    Jiangsu Hengtong High Voltage Submarine Cable, a subsidiary of Hengtong-Optic Electric, has won a contract to provide 220kV submarine power cables for the Yangjiang Nanpeng Island wind farm offshore Guangdong province, China.

  • CMA CGM takes over one of the largest US port terminals

    5 January 2022
    Business & Finance, Business Developments & Projects, Ports & Logistics

    French shipping giant CMA CGM has completed the acquisition of 90% of Fenix Marine Services (FMS) terminal, one of the largest terminals in the Port of Los Angeles that provides container handling services to shipping lines.

  • China: CMA CGM MARCO POLO Deploys on Maiden Voyage

    8 November 2012
    Business & Finance

    CMA CGM Group announced that the CMA CGM MARCO POLO, the world’s largest containership, has begun its first voyage Wednesday, November 7th, in Ningbo, China. Symbol of the pioneer spirit of the CMA CGM Group, the new 16 000 TEU vessel, owned by CMA CGM, sails under the UK flag. Built by Daewoo Shipbuilding and […]

  • France-based CMA CGM Group Receives ‘Company of the Year’ Award

    23 September 2011
    Business & Finance

      CMA CGM Group announces that it has been recognised “Company of the Year” by Lloyd’s List during the ceremony held on 20 September in London. CMA CGM received the award based on its ability and willingness to innovate and adapt to the rapidly changing nature of the shipping markets over the past 12 months. […]

  • CMA CGM launches early container return program to help shippers offset carbon emissions

    30 September 2022
    Market Outlooks, Outlook & Strategy, Transition

    French container and logistics company CMA CGM Group has launched ‘TEUs to Trees’, an early container return incentive program designed to increase climate change mitigation in the United States while assisting in the overall effort to improve both the fluidity and velocity of the supply chain.