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In 1996, CGM was privatized and sold to Compagnie Maritime d'Affrètement (CMA) to form CMA CGM. [10] In 1998 the combined company purchased Australian National Line. [11] Container ship CMA CGM Balzac in the port of Zeebrugge, Belgium. In September 2005, CMA CGM acquired its French rival Delmas based in Le Havre from the Bolloré Group for € ...
[2] [16] The company has acquired 49% stake in Terminal Link, the combination of Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), as well as the purchase of 90% stock in TCP Participações SA, A, the second largest container terminal in Brazil with a design capacity of 1.5 million TEU, for US$923.7 million.
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 ...
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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.
Two years later in 1998 came the acquisition by CMA of the National Australian Line ANL and in the following year 1999 merger of CMA and CGM and creation of the CMA CGM Group. [9] In 2006, Saadé concluded the acquisition of DELMAS and the CMA CGM Group became the third-largest shipping Group in the world. Three additional acquisitions were ...
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The Compagnie Marocaine de Navigation or Comanav (Arabic: الشركة المغربية للملاحة البحرية ; Moroccan Navigation Company) is a Moroccan shipping company and wholly owned subsidiary of the CMA CGM Group. Currently, it is the leader in the Moroccan market for maritime transport of passengers and freight, as well as port ...