CMA CGM

CMA CGM
Founded 1977
Headquarters Marseille, France
Revenue €15.1 billion (2010)
Employees 17,000 (2010)
Website http://www.cma-cgm.com

CMA CGM S.A. is a French container transportation and shipping company, headed by Jacques Saadé. It is the third largest container company in the world, using 200 shipping routes between 400 ports in 150 different countries.[1] Its headquarters are in Marseille,[2] and its North American headquarters are in Norfolk, Virginia, USA.

Contents

History

The history of CMA CGM can be traced back to 1851 when Messageries Maritimes (MM) was established. Another component company, Compagnie Générale Maritime (CGM), was founded in 1855 and renamed Compagnie Générale Transatlantique in 1861. The two companies merged to form Compagnie Générale Maritime in 1973 as a French state-run entity.

Jacques Saadé created CMA in 1978 as an intra-Mediterranean liner service. In 1996, CGM was privatized and sold to Compagnie Maritime d'Affrètement (CMA) to form CMA CGM.[3]

In 1998 the combined company purchased Australian National Lines (ANL). The company is still growing and has ordered 58 new vessels (owned outright or on long-term leases) to be delivered over the next four years.

CMA CGM acquired its French rival Delmas based in Le Havre from the Bolloré group in September 2005 for 600 million Euros. The acquisition was completed in early January 5, 2006. The resulting corporation became the third largest container company in the world behind the Danish A.P. Moller-Maersk Group and the Swiss Mediterranean Shipping Company S.A..[4]

Incidents

Piracy

On April 4, 2008, pirates seized the CMA CGM luxury cruise ship "Le Ponant" off the coast of Somalia.

Arms shipments

CMA CGM and its affiliates have been implicated in various arms shipping incidents:

As a result of CMA CGM's involvement in Iranian weapons smuggling, U.S. congressmen have called on CMA CGM to be investigated and urged the U.S. Treasury Department to consider levying sanctions against the shipper.[12]

Key figures[13] (*teus : twenty-foot equivalent units)
CMA CGM 2008
Total Revenue USD 15,1 billions
Number of containers carried 8.9 million teus*
Total fleet vessel 384
Total fleet capacity 1.1 million teus*
Staff Worldwide 17,000 employees
Staff in France 4,200 employees
World ranking 3rd

Subsidiaries

Joint Ventures

Maritime Lines

References

  1. ^ "CMA CGM website". http://www.cma-cgm.com. 
  2. ^ "Contact." GMA CGM. Retrieved on 22 September 2011. "CMA CGM Marseille Head Office 4, quai d'Arenc 13235 Marseille cedex 02 France "
  3. ^ Renaud Lecade (2005-07-19). "Touché-coulé chez les frères Saadé" (in french) (reprint). Libération. http://assassinatsdecooperants.ouvaton.org/article.php3?id_article=3353. 
  4. ^ CMA CGM completes the acquisition of Delmas, Jan. 10, 2006, CMA CGM press release.
  5. ^ "Israel unveils seized arms cache from cargo ship". Boston Herald. Associated Press. 16 March 2011. http://www.bostonherald.com/news/international/middle_east/view/20110316israel_unveils_seized_arms_cache_from_cargo_ship/. Retrieved 18 March 2011. 
  6. ^ Bruce Barnard (15 March 2011). "Israeli Commandos Seize CMA CGM Ship in Arms Probe". The Journal of Commerce. http://www.joc.com/maritime/israeli-commandos-seize-cma-cgm-ship-arms-probe. Retrieved 18 March 2011. 
  7. ^ Jon Gambrell (30 October 2010). "Nigeria: Shipper confirms weapons came from Iran". The Boston Globe. Associate Press. http://www.boston.com/news/world/africa/articles/2010/10/30/nigeria_shipper_confirms_weapons_came_from_iran/. Retrieved 18 March 2011. 
  8. ^ Jor Lauria, Gordon Fairclough and Peter Wonacott (26 February 2010). "Pretoria Seized North Korean Weapons". The Wall Street Journal. http://online.wsj.com/article/SB10001424052748704479404575087411640791960.html. Retrieved 18 March 2011. 
  9. ^ Edith Lederer (25 February 2010). "South Africa reports NKorea sanctions violation". The Seattle Times. Associated Press. http://seattletimes.nwsource.com/html/nationworld/2011189422_apununnorthkoreasanctions.html. Retrieved 18 March 2011. 
  10. ^ Peter Spiegel and Chip Cummins (31 August 2009). "Cargo of North Korea Matériel Is Seized en Route to Iran". The Wall Street Journal. http://online.wsj.com/article/SB125151138304468869.html. Retrieved 18 March 2011. 
  11. ^ Joby Warrick (3 December 2009). "Arms smuggling heightens Iran fears". The Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2009/12/02/AR2009120203923.html. Retrieved 18 March 2011. 
  12. ^ Benjamin Weinthal and Johannes C. Bockenheimer (30 May 2011). "French ship company faces US sanctions for 'Iran ties'". The Jerusalem Post. http://www.jpost.com/International/Article.aspx?id=222910. Retrieved 2 June 2011. 
  13. ^ "Key Figures". CMA CGM. http://www.cma-cgm.com/AboutUs/Presentation/KeyFigures.aspx. 

External links