French shipping giant CMA CGM has finalized an agreement with Saudi authorities, committing a substantial $434 million investment to Jeddah port. This strategic move marks the carrier’s second signifi
by Panama Canal Restrictions Prompt Shipping Surcharge Increases
Major shipping companies are implementing new surcharges, directly responding to ongoing draft restrictions imposed by the Panama Canal authority. These restrictions limit the maximum depth vessels ca
by CMA CGM Reports Strong Q2, Cautions on H2 Demand
Shipping carrier CMA CGM delivered solid financial results for the second quarter. It also saw a significant surge in July cargo volumes. Despite this, the company expresses caution. Tariffs, geopolit
by Update: CMA CGM seeks Suez return for India-USEC lane amid renewed Middle East tensions
CMA CGM is reportedly evaluating a return to the Suez Canal for its vital India-US East Coast (USEC) shipping service. This potential strategic shift comes as geopolitical tensions in the Middle East
by Shipping Lines Levy New Panama Canal Fees
Major international shipping lines MSC and CMA CGM recently announced new surcharges. These fees will apply to vessels navigating the Panama Canal. The vital waterway currently faces increasing operat
by CMA CGM Bolsters North American Logistics with $1.4 Billion Acquisition
French shipping and logistics conglomerate CMA CGM has finalized a significant acquisition, purchasing FedEx Supply Chain in a deal valued at $1.4 billion.
This strategic takeover is set to substantia
by CMA CGM to Acquire FedEx Logistics Unit in $1.4 Billion Deal
Global shipping and logistics conglomerate CMA CGM has announced its plan to acquire FedEx Supply Chain, the contract logistics division of FedEx, for $1.4 billion. This significant transaction will r
by Oman’s Port of Sohar Secures Major Terminal Investment from CMA CGM
French shipping giant CMA CGM has finalized a significant $400 million deal for a new terminal at Oman’s Port of Sohar. This substantial investment underscores the growing importance of Sohar as a piv
by Shipping Alliance Shift: Cosco Withdraws from CMA CGM Route
Chinese shipping giant Cosco has pulled its vessels from a crucial India-Europe shipping service. This significant move follows French carrier CMA CGM’s decision to reinstate Suez Canal transits for i
by CMA CGM Adjusts Asia-US Shipping Strategy
CMA CGM, the Marseille-based shipping giant, has suspended its Asia-US pendulum service. This route previously connected ports across Asia with both the US East and West Coasts, offering a weekly capa