CMA CGM

CMA CGM adds emergency surcharge as Rhine hits record lows

French container shipping giant CMA CGM announced on Friday it will impose an "inland emergency fee" on shipments routed through major European ports, as record-low water levels on the Rhine and other rivers continue to cripple barge operations across the…

CMA CGM may scrap ship hit by missile in Hormuz

The CMA CGM San Antonio, a container ship struck by a missile while transiting the Strait of Hormuz in early May, has sustained damage so severe that the French shipping giant is considering sending it for dismantling, the company's chief…

CMA CGM nears $1.4B deal for FedEx logistics unit

French container shipping giant CMA CGM is in advanced talks to acquire FedEx's third-party logistics business for approximately $1.4 billion in cash, according to the Financial Times. A deal could be finalized as soon as Wednesday, the report said.

CMA CGM, Asyad sign $400M Sohar port terminal deal

French shipping giant CMA CGM and Oman's Asyad Group signed a $400 million framework agreement to develop, manage, and operate a multipurpose logistics terminal at Sohar port, the companies announced on Saturday. The deal was signed during Sultan Haitham bin…