CMA CGM completes acquisition of Containerships
The CMA CGM Group completed the acquisition of Finland-based European shortsea operator Containerships, strengthening the group’s intra-European container shipping network.
The completion of the deal follows the decision last month by the European Commission to authorise the French group’s purchase of Helsinki-headquartered Containerships, which specialises in the intra-European market and which CMA CGM’s says will complement the group’s existing service offering.
Founded in 1966, Containerships is a Finnish company specialized in intra-European containerised shortsea transport, as well as multimodal logistics solutions via sea, road, rail and barge.
“With the acquisition of Containerships, the group strengthens its position as a major player in intra-European transport, in particular through the combination of the geographical areas covered by Containerships and MacAndrews,” CMA CGM said. “MacAndrews, recently merged with OPDR, covers Great Britain, Poland, Sweden, Ireland, the Netherlands, Spain (including the Canary Islands), Portugal and Morocco; Containerships is present in the Baltic markets, Russia, Northern Europe, North Africa and Turkey.”
The addition of Containerships’ 693 staff mean customers of the CMA CGM group’s intra-European activity will now benefit from the expertise of 2,700 employees located in 130 offices. In 2017, 2.2 million TEUs were transported on CMA CGM group’s and Containerships’ intra-European lines.
The acquisition of Containerships is part of the CMA CGM Group’s strategy aimed at strengthening or ‘densifying’ its regional networks, a strategy that began in 2002 with the acquisition of MacAndrews.
It described intra-regional offerings as “a rapidly expanding market in which the group is already present through its subsidiaries”, notably: CNC Line, one of the leaders in the Intra-Asia market; Mercosul, a leader in the domestic container transport market in Brazil; Sofrana, a major player in regional trade in the Pacific Islands; MacAndrews, a specialist in intra-European door-to-door multimodal solutions.
The company said the addition of Containerships would also help CMA CGM pursue its strategy towards the protection of the environment with the upcoming entry into Containerships’ fleet of four 1,400 TEU vessels powered by liquefied natural gas (LNG). These vessels will be followed, from 2020 onwards, by the entry into service of the nine 22,000 TEU and two 1,400 TEU container ships ordered by the CMA CGM Group.
In addition, Containerships has a fleet of LNG-powered trucks, enabling the CMA CGM Group to offer LNG throughout the transport cycle, the company pointed out.
03 November 2018