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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.
MSC Tomoko in the Santa Barbara Channel, 2009. Mediterranean Shipping Company was founded in Naples in 1970 as a private company by seafaring captain Gianluigi Aponte when he bought his first ship, Patricia, followed by Rafaela, with which Aponte began a shipping line operating between the Mediterranean and Somalia.
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%).
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American President Lines, LLC (APL, formerly American President Lines Ltd.), is an American container shipping company that is a subsidiary of French shipping company CMA CGM. It operates an all-container ship fleet, including nine U.S. flagged container vessels.
As part of the agreement CMA CGM acquired a 9% stake in AF-KLM; [citation needed] however, this agreement was terminated by mutual agreement in January 2024 without change in the capital structure of the group. [16] [17] On 12 July 2023, Air France-KLM announced a 10-for-1 reverse stock split and an ISIN change on 31 August 2023. [18]
Comerica Incorporated (CMA) closed the most recent trading day at $82.89, moving +1.57% from the previous trading session. Comerica Incorporated (CMA) Outpaces Stock Market Gains: What You Should Know