All articles tagged with #cma cgm
French shipping group CMA CGM said it will acquire FedEx Supply Chain, FedEx’s contract logistics arm, for about $1.4 billion, expanding its end-to-end logistics capabilities with a global network of warehouses and supply-chain technology.
France’s CMA CGM Group agreed to acquire FedEx Supply Chain, FedEx’s contract logistics unit, for a $1.4 billion enterprise value, a deal that would expand Ceva Logistics’ North American footprint to about 150 warehouses and 20,000 employees across more than 240 locations. The merger will include multi-year agreements on air and ocean freight, with CMA CGM becoming a preferred ocean carrier for FedEx; the deal is expected to close later this year pending regulatory approvals. FedEx will refocus on freight transportation and parcel delivery after spinning off FedEx Freight earlier this year.
CMA CGM agreed to acquire FedEx's third‑party logistics unit, FedEx Supply Chain, for about $1.4 billion including debt, boosting CMA CGM’s North American contract logistics via CEVA Logistics and enabling multiyear air and ocean freight contracts around $3.5 billion. The deal, set to close in 2026, supports CMA CGM’s US growth strategy under Rodolphe Saadé while FedEx continues to refocus on its core air‑ground network and recently spun off FedEx Freight; the purchase underscores CMA CGM’s push to expand in the US through logistics, ports, and partnerships.
Four days of clashes between Iran and the United States have forced shippers to pull back from the Strait of Hormuz, with vessel passages dropping from 38 on Saturday to 22 on Sunday as owners weigh risk; Iran insisted ships use its waters with permits, and CMA CGM briefly navigated Iranian routes. Major carriers are unlikely to resume large-scale routes until security improves, and the International Maritime Organization’s evacuation plan remains paused pending guarantees of safety.
French shipping group CMA CGM said its container ship San Antonio was attacked while transiting the Strait of Hormuz, injuring several crew members who have been evacuated and are receiving medical care. The incident adds to disruptions on a vital global shipping lane amid ongoing Middle East tensions, with CMA CGM noting 14 of its vessels stranded in the Gulf. The report also references related tensions in the region, including Iran’s IRGC drone activity in Kurdistan (no casualties reported).
CMA CGM has suspended all vessel crossings through the Bab al-Mandab Strait in and out of the Red Sea due to security risks posed by Houthi militants in Yemen, following recent attacks on its ships. This decision disrupts the main trade route between Asia and Europe, prompting the redirection of some services around southern Africa.
CMA CGM, a major shipping group, has suspended all vessel crossings through the Bab al-Mandab Strait in and out of the Red Sea due to security risks posed by recent attacks on vessels by Houthi militants in Yemen. This decision disrupts the main trade route between Asia and Europe and follows similar actions by other major shipping firms. CMA CGM has redirected some services around southern Africa but had previously continued to send some ships through the Red Sea with the support of French navy escorts.
Crew members working for CMA CGM have expressed significant concerns about the company's safety policies and compensation practices regarding Red Sea transits, particularly in light of heightened security risks due to recent attacks by Houthi rebels. They are calling for a reassessment of routes, enhanced safety measures, improved compensation packages, and a transparent communication channel for employees to voice their concerns. Meanwhile, industry commentators and surveys highlight the growing impact of security threats on seafarer welfare, and the European Union plans to launch a naval mission in the Red Sea within three weeks.