Indian Transport & Logistics

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CMA CGM, GTS announce JV for decarbonised transportation in Europe

30 March 2024 12:40 PM GMT
JV - European Container Network - to focus on expanding multimodal options & optimise supply chain processes

CMA CGM partners with Nike for sustainable shipping

4 March 2024 12:31 PM GMT
Nike to use sustainable biofuel for transportation of 36% volume with CMA CGM, reduce CO2 emissions by 25,000 tonnes

Red Sea impact: Schedule reliability drops to 51.6%

2 March 2024 9:23 AM GMT
CMA CGM was the most reliable top-13 carrier in January with schedule reliability of 54.7%

CMA CGM completes €4.85 billion acquisition of Bollore Logistics

29 Feb 2024 1:30 PM GMT
Bolloré Logistics reported turnover of €7.1bn in 2022 & transported 710K TEUs ocean freight and 390K tonnes air freight

CMA CGM, COSCO, Evergreen & OOCL extend OCEAN Alliance till 2032

27 Feb 2024 9:19 AM GMT
OCEAN Alliance covers 7 major East/West trades & connects Asia to Europe, Mediterranean, Middle East and America

CMA CGM 2023 net income drops 85%

24 Feb 2024 9:23 AM GMT
Revenue from shipping operations dropped 47% to $31.4bn even as volume carried was marginally higher at 21.8mn TEUs

CMA CGM Mermaid: First among 10 ships with better energy performance

16 Feb 2024 7:08 AM GMT
Ten vessels of 2,000 TEUs will be positioned in Mediterranean & Northern Europe to transport goods over short distances

2023 schedule reliability up 19.5ppts; Drewry WCI down 4%

4 Feb 2024 5:30 AM GMT
Drewry World Container Index (WCI) declined four percent to $3,824 per 40ft container to the week of February 1, 2024

Red Sea Impact: Schedule reliability drops to 56.8% in December

30 Jan 2024 2:36 PM GMT
Evergreen most reliable top-13 carrier in December with schedule reliability of 63.6%

U.S., allies warn Houthis, call for immediate end to Red Sea attacks

4 Jan 2024 11:32 AM GMT
Freight rates nearly double but carriers have capacity to address diversions & longer voyages compared to pandemic yrs

#RedSeaImpact: Spot rates zoom, longer lead times ahead

22 Dec 2023 9:45 AM GMT
MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions

Another 'Black Swan' event: Red Sea blues for supply chains

18 Dec 2023 5:14 AM GMT
MSC, CMA CGM halt Red Sea sailing after attacks; only positive - Panama Canal increases crossings from January 2024
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