cma cgm marco polo container shipping

CMA CGM Group

Head Office: Marseilles

Founded: 1978

Revenue: €15.9 billion (2013)/ $20.08 billion

Employees: 18,000

Stock Market: Compagnie Maritime d’Affrètement Compagnie Générale Maritime is a private company controlled by the Saade family. Jacques Saade is the founder, chairman, and CEO of the company.

Summary: CMA CGM has a number of subsidiaries to help them with freight shipping and logistics. All of the subsidiaries help make this a complete freight company that can handle shipping from start to finish. This separates them from a number of their competitors that solely focus on one aspect of shipping.

Ship Capacity: CMA CGM has 414 ships with a capacity of 10.6 million Twenty-foot equivalent units (TEU) to carry cargo around the world.

The largest ship is the 13,800 TEU Christophe Colomb ship that is equipped with the latest environmental technologies that they purchased in 2009. In 2012 they introduced the sister ship the Marco Polo, which had a capacity of 16,020 TEU.

Main Trade Routes: The third largest shipping company has over 170 shipping routes. This includes trade between 400 ports in 150 countries around the world.

Memberships/Alliances: Last month, CMA approved a route-sharing alliance with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC) called the Ocean Three. The idea behind this shared trade route is to eliminate costs on duplicate routes for container companies.

Claim to Fame: They are also one of the leaders in environmental innovation. They have reduced CO2 emissions by 26 percent since 2007. They have a goal to reduce CO2 emissions by 50 percent by 2015.

Final Thoughts:

CMA CGM is the third largest shipping container company in the world, and the largest shipping company in France. The Ocean Three alliance nicely positions the company to ship items from Europe to the Middle East and Asia over the next few years. Additionally, their environmental and complete shipping options makes CMA CGM a company to watch over the next few years.