The CMA CGM Group has announced the signing of an agreement between CMA CGM and Container Finance Ltd Oy pursuant to which the container shipping and logistics business of Containerships (and Container Finance’s holdings in Multi-Link Terminals Ltd and CD Holding Oy) will become part of the CMA CGM Group. The Finnish company is specialised in the intra-European market and will strengthen CMA CGM’s intra-European offer.
This transaction remains subject to approval by the relevant authorities.
Founded in 1966, Containerships is an intra-European short-sea specialist with a strong presence in the Baltic market, Russia, Northern Europe, North Africa and Turkey.
With a workforce of 560 people, Containerships offers its customers a complete range of services, as well as logistics solutions by ship, truck, rail and barges.
Containerships’ network will efficiently complement CMA CGM and its affiliate MacAndrews’ service offering in North Europe and the Mediterranean, said a release.
Containerships will take delivery of four LNG-fuelled vessels between August 2018 and January 2019.
The CMA CGM Group is already present in the intra-regional market through its subsidiaries CNC in Intra Asia, Mercosul, one of the leading players in Brazil’s domestic container shipping market, Sofrana, a key player in the Pacific Islands regional maritime trade, and MacAndrews in Europe.
The acquisition of Containerships will further strengthen the development strategy implemented by Mr Rodolphe Saadé, CMA CGM Group’s Chairman and CEO, aimed at enhancing the Group’s regional network, the release added.