FRENCH shipping giant CMA CGM has completed its acquisition of Containerships, a Finnish carrier, that will strengthen its position as a major player in intra-European transport.
The acquisition of Containerships is part of the CMA CGM Group's strategy aimed at densifying its regional networks, which began in 2002 with the acquisition of MacAndrews.
It is a development that is complementary to CMA CGM's and MacAndrew's service offerings, said the company.
Containerships is an environmentally conscious player investing in an LNG-powered fleet of ships and trucks, it said.
Founded in 1966, Containerships has 690 employees today and offers a complete range of logistics services through sea, road, rail and barge.
With this acquisition, CMA CGM strengthens its position as a major player in intra-European transport through the combination of the geographical areas, together covered by Containerships and MacAndrews.
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.
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 TEU were transported on CMA CGM Group's and Containerships' intra-European lines.
CMA CGM is thus strengthening its intra-regional offer, a rapidly expanding market in which the group is already present through its subsidiaries.
CNC Line, for example, is one of the leaders in the intra-Asia market. Then there is Mercosul, a leader in the domestic container transport market in Brazil and Sofrana, a major player in regional trade in the Pacific Islands and finally MacAndrews, a specialist in intra-European door-to-door multimodal solutions.
With Containerships, CMA CGM is also pursuing its strategy towards the protection of the environment with the upcoming entry into Containerships' fleet of four 1,400-TEU vessels powered by LNG. These vessels will be followed, from 2020 onwards, by the entry into service of the nine 22,000-TEUers and two 1,400-TEU ships ordered by CMA CGM.
In addition, Containerships has a fleet of LNG-powered trucks, enabling the CMA CGM Group to offer LNG throughout the transport cycle, said the company statement.