CMA CGM

Services

CNC launch Luzon Visayas Mindanao Express (LVMX)

CMA CGM's intra-Asia arm CNC will launch a new Luzon Visayas Mindanao Express (LVMX) service connecting Manila (N), Cagayan de Oro, Cebu, Manila (N) from 22 September 2024. The service will operate on a weekly basis with the geared 1,037 teu SOFRANA TOURVILLE.

Services

CMA CGM JULES VERNE returns to Suez/Red Sea

The 16,022 teu CMA CGM JULES VERNE has made an eastbound Suez Canal passage on 13 August 2024 and after a stop at Jeddah, the ship passed the Bab al-Mandab Strait on 19 August without any incident. It marks the largest containership to return to the Suez/Red Sea route since February this year, with all the other main carriers still avoiding the passage to avoid attacks on vessels by Houthi militants in Yemen. The CMA CGM JULES VERNE is deployed on the Mediterranean Club Express (MEX) using 15 s

Services

CMA CGM launch Helsingborg Express (HLX) feeder

CMA CGM will launch a new Helsingborg Express (HLX) service connecting Antwerp, Tilbury, Helsingborg, Antwerp. The HLX service will turn in 7 days and will deploy the 508 teu RAGNA from 14 August 2024. Port rotation of the new Helsingborg Express (HLX) feeder service

Markets

MSC builds unassailable lead with planned new ship orders

MSC’s planned newbuilding orders will bring its overall fleet to 7.5m TEU by the end of 2028 as it continues to widen the gap with their main rivals. The latest MSC orders is expected to include 10 units of 21,000 teu at Hantong, as well as a series of 12,000 teu units at Rongsheng and 11,000 teu units at Penglai Jinglu to be delivered from 2027. Although CMA CGM’s new vessel delivery pipeline will allow it to surpass Maersk by 2027, it will still trail MSC by more than 2m teu by the end of 2028

Companies

CMA CGM reports lower earnings for 2Q 2024

CMA CGM’s 2Q 2024 earnings surprisingly dropped YoY with average freight rates dropping by 7% YoY and 1% QoQ despite the 53% YoY increase in the CCFI. CMA CGM’s higher contract rate exposure that were signed at substantially lower levels than current spot rates contributed to the disappointing earnings. CMA CGM’s liner revenue dropped 1% YoY in 2Q 2024, lagging behind all other carriers that have reported revenue growth so far, with OOCL’s revenue rising by 14% YoY while the 3 main Taiwan carri

Services

CMA CGM continues Suez routing on BEX2 despite rising Middle East tensions

CMA CGM has retained the Suez routing for its Asia-Med Phoenician Express (BEX2) service despite escalating tensions in the Middle East over the past week after Israeli forces attacked the port of Hodeidah in Yemen on 20 July in retaliation for the Houthi drone attack that hit Tel Aviv on 19 July 2024. The Phoenician Express (BEX2) calls at Shanghai, Ningbo, Busan, Shekou, Singapore, (Suez Canal), Alexandria, Beirut, Tripoli, Koper, Trieste, Rijeka, Alexandria, Jeddah, Port Klang, Shekou, Shang

Services

CMA CGM and Hapag-Lloyd splits up Indamex service, with COSCO and OOCL to join new CMA CGM India-USEC service

CMA CGM and Hapag-Lloyd will terminate their jointly operated India-US East Coast Indamex and Indamex 2 services from August 2024 and replace them with separate services that will be operated independently by the two carriers. Hapag-Lloyd has announced a new TPI (Indamex) service that will call at Port Qasim, Nhava Sheva, Mundra, New York, Norfolk, Savannah, Charleston, Port Qasim from 8 August 2024 with the 9,274 teu TORRENTE. The service will turn in 11 weeks and will be operated independentl

Services

CMA CGM adds Great Lakes Express (GLX) extra loader service to PNW

CMA CGM has restarted the Great Lakes Express (GLX) that will serve as an extra loader service connecting China and South Korea (with irregular schedul calls at Yantian, Ningbo, Shanghai, Qingdao and Busan) to Seattle or Vancouver. 4 sailings are planned currently starting with the 6,732 teu CMA CGM SAN FRANCISCO at Shanghai on 19 July 2024 with a second trip from Ningbo on 24 August, the 2,478 teu CMA CGM ALEXANDRIA at Yantian on 23 July and the 2,954 teu AMALFI BAY at Yantian on 5 September.

CMA CGM

CMA CGM launch EMED1

CMA CGM will launch a new EMED1 service connecting Antalya, Alexandria, Beirut, Antalya from 10 July 2024 with the 1,118 teu WILHELMINE. The weekly servce will turn in 7 days.

Services

CMA CGM launch IEX2 service

CMA CGM will launch a new India East Coast Express 2 (IEX2) service calling at Singapore, Chennai, Colombo, Singapore from 27 June 2024. The service will turn in 14 days using the 1,738 teu HANSA HOMBURG on a fortnightly frequency.

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