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CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé. [7]The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), translating as "Maritime Freighting Company" and "General Maritime Company", respectively.
After the Malta Freeport in Marsaxlokk, Malta's container port was franchised to the French shipping company, CMA CGM, at least until the year 2038. When China Merchants Ports acquired a 49% stake in Terminal Link in 2013, it then obtained an approximate 25% stake in Malta Freeport Terminal while CMA CGM held the rest of the shares (51%).
On 28 June 2016, CMA CGM said it will proceed to delist NOL, after it crossed the 90 per cent ownership threshold in the company and NOL was subsequently delisted on 5 September 2016. [ 4 ] [ 12 ] In May 2017, less than a year after the NOL acquisition, CMA reported turning a net profit of $26 million from the NOL business in the first quarter ...
[citation needed] Delmas was bought by CMA CGM Group from the Bolloré Group for €470 million in 2005, and fully integrated into its parent in March 2016. The company operated a fleet of 49 vessels with a collective capacity of 63,000 twenty-foot equivalent units (TEU), [1] on 15 routes between Europe, Africa and the Indian Ocean.
Comerica's (CMA) stellar revenue and earnings growth prospects along with involvement in strategic efforts to grow efficiency make it an attractive stock.
On June 10, 2016, APL and NOL became subsidiaries of CMA-CGM when over 90% of Singapore stocks were purchased by the container line. [31] Later that year, CMA CGM subsidiary U.S. Lines as well as the transpacific business of ANL was consolidated into APL.
The average of price targets set by Wall Street analysts indicates a potential upside of 26% in Comerica Incorporated (CMA). While the effectiveness of this highly sought-after metric is ...
Comerica Incorporated (CMA) closed the most recent trading day at $82.89, moving +1.57% from the previous trading session.