Indian Transport & Logistics

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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

HMM best carrier on US-Far East route in Q32023 on CEI ranking

15 Nov 2023 8:00 AM GMT
HMM’s score in Q3, however, was actually worse than Q2, jumping 17.4 points on the CEI to 72.7

CMA CGM Q3 net income drops 94%

11 Nov 2023 6:27 AM GMT
Further normalisation of transport and logistics markets; Group maintains operating cost discipline

CMA CGM to invest $600mn in US terminals

12 Oct 2023 3:08 PM GMT
CMA CGM renames GCT Bayonne and New York terminals as Port Liberty New York and Port Liberty Bayonne

Schedule reliability steady, MSC most reliable

7 Oct 2023 7:10 AM GMT
Schedule reliability has been ranging within two percentage points since March 2023

CMA CGM, Renault, Volvo join forces for new-gen EVs

6 Oct 2023 3:26 PM GMT
CMA CGM signs non-binding LoI with Renault & Volvo to join new company, invest €120mn through PULSE, its energy fund
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