CMA CGM
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CMA CGM S.A. is a French container transportation and shipping company, headed by M. Jacques R. Saadé. It is the largest container shipping company in France and the third largest container company in the world, using 76 major shipping routes between 216 ports in 126 different countries.[1]
[edit] History
The history of CMA CGM, founded by Johnny R.Saadé, can be traced back in 1851 when Messageries Maritimes (MM) was established. Another component company, Compagnie Générale Maritime (CGM) was found in 1855 and renamed as Compagnie Générale Transatlantique in 1861. Two companies merged as Compagnie Générale Maritime in 1973 as a French state run entity.
The brothers Jacques and Johnny Saadé, from Lebanon, created CMA in 1977 and first launched an intra-Mediterranean liner service. In 1996, the CGM was privatized and sold to Compagnie Maritime d'Affrètement (CMA) to form CMA CGM.[2]
In 1998 the combined company purchased Australian National Lines (ANL). The company is still growing and has ordered 58 new vessels (own new buildings or long-time chartered) to be delivered over the next four years.
CMA CGM has acquired its French rival Delmas based in Le Havre from the Bolloré group in September 2005 for 600 millions Euros. The acquisition was completed in early 2006, the 5 January. The new structure became the third largest container company in the world behind the Danish A.P. Moller-Maersk Group and the Italian Mediterranean Shipping Company S.A..[3]
| CMA CGM 2004 | Delmas 2004 | 2004 Total | 2005 pro forma | |
|---|---|---|---|---|
| Total Revenue | 4 billion € | 900 million € | 4.9 billion € | 5.95 billion € |
| Number of containers carried | 3.9 million teus* | 520 000 teus* | 4.42 million teus* | 5.2 million teus* |
| Total fleet vessel | 195 | 51 | 246 | 242 |
| Slot capacity | 427,000 teus* | 57,000 teus* | 484,000 teus* | 507,500 teus* |
| Staff Worldwide | 9,000 employees | 1,100 employees | 10,100 employees | 10,000 employees |
| Staff in France (sedentary + seafarers) | 3,300 employees | 600 employees | 3,900 employees | 4,000 employees |
| World ranking | 4th | 24th | 3rd | 3rd |
[edit] Subsidiaries
- Rail Link (multimodal rail-bound transport solutions)
- River Shuttle Containers (Rhône – Saône axis containerised river transportation)
- CMA CGM Logistics (purchase to delivery global carrier)
- Qualitair & Sea (custom engineering air freight logistics)
- Progeco (container: sales, leasing & repairing)
- ANL (Oceania - South East Asia)
- MacAndrews (Iberian Peninsula shipping and travel industry services)
- CMA CGM Croisières & Tourisme
- Yacht luxury cruises (64-passenger Ponant, 90-passenger Levant, and 226-passenger Diamant)
- Trips onboard container carriers
- Compagnie des Îles du Ponant (leading French-flagged cruise company)
- Tapis Rouge International (luxury travel tour operator)
[edit] References
- ^ CMA CGM website.
- ^ Renaud Lecade. "Touché-coulé chez les frères Saadé" (reprint), Libération, 2005-07-19. (in french)
- ^ CMA CGM completes the acquisition of Delmas, Jan. 10, 2006, CMA CGM press release.
- ^ Key Figures. CMA CGM.
