The Business Times

CMA CGM

Global Enterprise

Li Ka-shing ports sale draws interest from CMA CGM owner Saade family

Under the agreement, CMA CGM would buy some 215 million shares and nearly 40 million Global Depositary Receipts of Santos Brasil from Brazilian asset manager Opportunity for 15.30 reais each.
Transport & Logistics

CMA CGM buys 48% of port terminal company Santos Brasil, to launch takeover bid

CMA CGM has experienced 10 per cent growth in Chinese exports to the US – twice last year’s rate.
Transport & Logistics

Shipping giant CMA CGM reports solid volumes, sees rates peaking

The ship was traveling westbound from Asia to Europe when it encountered “unexpectedly strong adverse weather conditions”, CMA CGM said.
Transport & Logistics

CMA CGM says its ship lost 44 containers in tough weather

CMA CGM CEO Rodolphe Saade (right) and his wife president of Whynot media French Veronique Saade.
Global Enterprise

French billionaire Saade’s wife takes charge of expanding media empire

With CMA-CGM’s acquisition of a 10 per cent stake in the E-van business, Renault and Volvo’s share will be reduced to 45 per cent each.
Transport & Logistics

French shipper CMA CGM acquires 10% of Volvo-Renault electric van business

“In coordination with French naval forces, the CMA CGM Jules Verne transited the Red Sea without incident, escorted by the frigate Alsace,” CMA CGM says.
Transport & Logistics

CMA CGM says ship transited Red Sea under French naval escort

Wincanton says its board intends to unanimously recommend that its shareholders vote in favour of CMA CGM’s bid.
Transport & Logistics

CMA CGM to buy UK logistics firm Wincanton in grocery push

CMA CGM will remain a core shareholder of Air France-KLM but will leave the board of air carrier on Mar 31, the companies said.
Transport & Logistics

CMA CGM, Air France-KLM to end cargo tie-up on US regulatory snag

The disruption threatens to drive up delivery costs for goods, raising fears it could trigger a fresh bout of global inflation.
Global Enterprise

Global shipping firms continue to pause Red Sea shipments

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