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News 1 CMA CGM INVESTS IN CEVA

LOGISTICS

The CMA CGM Group announced in early May that it has invested in CEVA Logistics, purchasing as much as 25% of its capital. The Group made this investment during CEVA’s initial public offering.

CEVA currently ranks 5th among contract logistics service providers, offering end-to-end supply chain solutions. It is also a major player in freight forwarding, with a strong presence in Asia. Operating in 160 countries, CEVA generated a turnover of over 7 billion dollars in 2017.

Through this investment, CMA CGM will strengthen its presence in the logistics sector, which is very much linked to the maritime transport industry.

“By investing in CEVA, CMA CGM has made a significant move towards advancing its development strategy. CEVA occupies vital positions in

the logistics sector, which is closely connected to the maritime transport industry. Together, the two companies will be able to explore ways of collaborating, subject to competition law, that will enable us to continue offering our customers quality, stand-out services and to integrate additional services related to transport,” explains Rodolphe Saadé, CEO of the CMA CGM Group.

OCEAN ALLIANCE: DAY TWO PRODUCT

Ocean Alliance has achieved enormous success since it launched in spring 2017. The operational alliance, which brings together CMA CGM, COSCO, Evergreen and OOCL, entered a new phase as of April 1st with the Day Two Product.

Boasting a strong offering on 7 markets, 41 services and 331 ships, for a total TEU capacity of 3.1 million, this alliance now represents the largest offering on the market. This new service offering enables the CMA CGM Group and its subsidiaries to expand their port coverage and to offer their clients customized solutions that are even more competitive, particularly with regard to transit times.

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