Global Logistics: Containerships becomes part of CMA CGM

containerships-becomes-part-of-cma-cgm.jpgContainer Finance has signed an agreement with CMA CGM under which the Finnish shipping company Containerships will become part of the CMA CGM group. 

In addition, Container Finance’s holdings in Multi-Link Terminals and Holding are also included in the deal.

Once completing the transaction, Container Finance’s entire container logistics operations will integrate CMA CGM intra-regional market offering in Europe and Mediterranean area. In return, CMA CGM will benefit from Containerships’ strong presence in Northern Europe and the Baltic Sea.

At present, the restructuring does not have any impacts on Containerships’ brand or operations.  The company will continue to execute its LNG strategy as planned and will launch four LNG fuelled vessels between August 2018 and January 2019., and the company’s guidance for the year 2018 remains unchanged.

The agreement, subject to authorities’ approval is expected to close within the next 3 to 6 months.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.