CMA CGM and its intra-Asia arm CNC has introduced a new China Vietnam Express 8 (CV8) service calling at Shanghai, Ningbo, Ho Chi Minh City, Shanghai from 28 December 2024. The CV8 service turns in 14 days and deploys the 2,058 teu CMA CGM ESCURIAL and 1,756 teu KUO LIN.
ONE will join the OCEAN Alliance carriers - CMA CGM, COSCO/OOCL and Evergreen - to operate 3 transatlantic services connecting North Europe to US East Coast and Gulf Coast from February 2024. The 4 partners will jointly operate the following services: * North Atlantic (NATL) service connecting Southampton, Antwerp, Rotterdam, Bremerhaven, Le Havre, New York, Norfolk, Baltimore, Southampton using 6 ships of 10,600 teu (3 from COSCO/OOCL, 2 from CMA CGM and 1 from Evergreen) and brande
ONE will partner HMM and CMA CGM to launch a new North Europe-US West Coast Transatlantic service that are named respectively as the Atlantic 5 (AL5), Transatlantic 1 (TA1) and California Bridge (CALFB). Yang Ming, OOCL and COSCO will also participate as slot buyers on the service as the Atlantic 5 (AL5) and Atlantic West Coast (ATW). The AL5/TA1/CALFB/ATW will call at Southampton, Le Havre, Rotterdam, Hamburg, Antwerp, Miami, Cartagena (Col), Panama Canal, Balboa, Los Angeles, Oakland, Balboa,
CMA CGM will add a new Maya Feeder (MAYAFD) service connecting Lazaro Cardenas, Puerto Caldera, Corinto, Acajutla, Puerto Quetzal, Lazaro Cardenas from 2 January 2025. The service will turn in 14 days using 2 ships to provide weekly connections between the 5 ports starting with the 1,577 teu CMA CGM SURABAYA and the 2,345 teu MAGDALENA SCHULTE.
CMA CGM and X-Press Feeders have launched a new Ceylon Chittagong Service (CBS)/Upper Bay of Bengal - Loop 3 (UBB-Loop3) service connecting Colombo, Chittagong, Colombo from 2 December 2024. The CBS/UBB-Loop3 turns in 14 days using 4 ships of 1,500-1,700 teu with CMA CGM contributing 1 of the 4 ships starting with the 1,714 teu SANTA LOUKIA, whil X-Press Feeders will deploy the 1,577 teu SMOOTH VENTURE together with the 1,756 teu X-PRESS NILWALA and MOUNT CAMERON.
Market Pulse Week 48: Zim reported net profits of $1.13 Bn and EBIT of $1.24 Bn for the 3rd quarter of 2024, concluding the reporting season for the publicly listed carriers. Zim’s EBIT margin of 44.7% puts it in 4th place behind EMC, HMM and Yang Ming but Zim delivered the highest annualized RoE of 115% in Q3 2024 - twice that of the second-best performer EMC and more than 4 times more than the industry average ROE of 25%. Market Pulse Week 47: Asian carriers have outperformed their European p
CMA CGM has continued to send its Asia-Med ships on the Red Sea/Suez route for its services calling at Lebanon. The 16,022 teu CMA CGM JULES VERNE passed the Bab al-Mandab Strait on a northbound transit on 23 October 2024 without incident. The ship will make a stop at Jeddah and Beirut before resuming its regular Mediterranean Club Express (MEX) stops at Malta, Valencia, Barcelona and Fos before returning to Beirut for a second off-schedule call on 20 November. The ship is scheduled to make anot
CMA CGM/CNC and COSCO have launched a new Thailand Indonesia Service (TIX2/MTS) connecting Bangkok, Laem Chabang, Singapore, Jakarta, Pasir Gudang, Singapore, Bangkok from 14 October 2024. The TIX2/MTS will turn in 14 days using the 1,032 teu PADIAN 3 from CMA CGM and 1,200 teu DANUM 175 from COSCO.
CMA CGM's intra-Asia arm CNC will launch a new Luzon Visayas Mindanao Express (LVMX) service connecting Manila (N), Cagayan de Oro, Cebu, Manila (N) from 22 September 2024. The service will operate on a weekly basis with the geared 1,037 teu SOFRANA TOURVILLE.
The 16,022 teu CMA CGM JULES VERNE has made an eastbound Suez Canal passage on 13 August 2024 and after a stop at Jeddah, the ship passed the Bab al-Mandab Strait on 19 August without any incident. It marks the largest containership to return to the Suez/Red Sea route since February this year, with all the other main carriers still avoiding the passage to avoid attacks on vessels by Houthi militants in Yemen. The CMA CGM JULES VERNE is deployed on the Mediterranean Club Express (MEX) using 15 s