CMA CGM

In light of the current political and economic developments, the mood in the European transport and logistics branch remains somewhat subdued. However, the crises have taught the logistics industry the importance of resilient supply chains—and thus the need for diversification of logistics services.

Nike has partnered with CMA CGM to help reduce its carbon footprint through the use of alternative fuel for its maritime cargo.

Global container liner members of the OCEAN Alliance recently announced they have signed documents to extend their agreement for five years, running through March 21, 2032. The OCEAN Alliance, which is comprised of CMA CGM, COSCO SHIPPING, Orient Overseas Container Line (OOCL), and Evergreen, was established in April 2017.

Deal valued at $3 billion touted as accelerating the group's supply chain capabilities in contract logistics and e-commerce expertise.

Marseille, France-based global container shipping company CMA CGM remains intent on acquiring CEVA Logistics, a global third-party logistics (3PL) services provider based in Hoofddorp, the Netherlands for $1.65 billion, according to various reports and filings.

This development represents a real change for the industry because, for the first time, global shipping on key trade lanes functions like passenger travel or ecommerce, where customers can obtain guaranteed prices within seconds.

CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.