CMA CGM Group celebrates its 35th anniversary
Marseille based CMA CGM Group has become a major player in the international container shipping business
35 years ago, on September 13th 1978 in Marseilles, Jacques R. Saadé founded CMA, Compagnie maritime d’affrètement, and launched the first service linking Marseilles, Livourne, Beirut and Latakia. The Group rapidly expanded its activities to the whole of the Mediterranean Basin. Following again his intuition, Jacques R. Saadés and CMA conquer markets in Asia, which was to become the future epicenter of worldwide trade, in the 1980s. Precursor, the company opened agencies all over the region, especially in China from 1992.
The acquisition of CGM in 1996 represented a major step in the Group’s development which was followed by the acquisition of several regional shipping lines (ANL, CNC Line, Comanav, DELMAS, Mac Andrews and US Lines) offering the Group a global coverage. Culmination of its development strategy, the Group opened its capital to the Yildirim Group in 2010 and to the French Fonds Stratégique d’investissement (FSI) in 2013, in mandatory convertible bonds.
In just 35 years the CMA CGM Group has become a major player of international shipping serving more than 150,000 clients a month. The company employs over 18,000 people through its 650 agencies spread over 150 countries. Operating a fleet of 429 vessels it is present on every continent and serves more than 400 of the world’s 521 commercial ports. In 2012 CMA CGM carried 10.6 million TEU and generated a total revenue of USD 15.9 billion.
www.cma-cgm.com
Quelle: LogEastics
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