• 2018 April 20 16:03

    CMA CGM announces an agreement to acquire a stake in CEVA

    CMA CGM, a worldwide leading shipping company, announces it has reached an agreement to acquire an equity stake of nearly 25% of CEVA Logistics AG (“CEVA”), a global leading player in the logistics sector. CMA CGM has committed to subscribe for mandatory convertible securities of CEVA in an estimated amount between 380 and 450 million CHF. These securities will be convertible into CEVA common shares subject to obtaining all required regulatory approvals. This equity investment takes place in connection with CEVA’s planned initial public offering on the SIX Swiss Exchange, announced on 20th April 2018, and remains conditioned upon its successful completion.

    With this transaction, CMA CGM aims to grow its presence in the logistics sector, a business closely related to shipping.

    A global leader in logistics and with more than 56,000 employees and temporary/agency workers in 160 countries, CEVA posted revenues of over 7 billion dollars in 2017. CEVA is the #5 player in contract logistics, providing end-to-end supply chain solutions, and managing more than 9 million sqm. of warehouses in more than 750 sites in the world. It is also ranked 10th in the world in freight forwarding, with a strong footprint in Asia. Its long-standing blue-chip customer base includes leading players in the automobile, consumer & retail (including e-commerce), industrial & aerospace, technology and healthcare sectors.

    Following this equity investment, CMA CGM will nominate two members of CEVA’s Board of Directors. The two companies have agreed to explore potential opportunities to work together towards the development of joint commercial offerings, according to terms that will be defined in the coming months.

    The closing of the transaction remains subject to the completion of CEVA’s IPO as well as to the approval from regulatory authorities.

    Commenting on the proposed transaction, Rodolphe Saadé, Chairman and CEO of CMA CGM stated:“With this proposed investment in CEVA, CMA CGM makes a significant move, in line with its development strategy. CEVA is a major player in the logistics business, which is closely related to the shipping industry. Together, the two companies will also explore possible cooperations allowing us to propose an ever more differentiated and qualitative offering while integrating services beyond maritime transport.“

    About CEVA
    CEVA, a leading global asset-light supply chain management company, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 56,000 employees in more than 160 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network.




2018 May 23

17:27 Greece suggests arranging cruise lines to Russia
17:00 Rosmorrechflot comes out for replacement of shipbuilding subsidies with cheap financing
16:16 Agreement on Enhancing International Arctic Scientific Cooperation enters into force
15:48 New Belgium container connection bolsters Port of Hull
15:25 DALO chooses SARIS to support SAR operations
15:03 FESCO transports three transformers from Novorossiysk for Moscow central heating and power plants
14:42 Ukraine’s water transport carried 0.3 million passengers in 4M’18, down 3%, Y-o-Y
14:21 Hapag-Lloyd update on restrictions for DG cargo handling at FIFA World Cup in Russia
13:59 Cargo transportation by Ukraine’s water transport fell by 18.5% to 1.0 million tonnes in 4M’18
13:36 SASCO BoD elected Aleksey Pavlov as Director General of the company
13:13 “K” Line announces delivery of special coal carrier “CORONA XANADU”
12:52 Tallink Grupp to list shares also on Helsinki Stock Exchange
12:31 Rosmorport appoints Sergey Lyamtsev as Acting Director of its Azov Basin Branch (photo)
12:13 MPC Container Ships ASA acquires three 2,500 TEU feeder container vessels
11:43 Strong programme raises profile of The Maritime Standard Ship Finance and Trade Conference
11:18 Gunvor forms new ship holding jv СlearOcean Tankers
10:50 Port of Singapore throughput in 4M’18 grew by 1.1% Y-o-Y to 207.78 million tonnes
10:28 Brent Crude futures price down 0.63% to $79.07, Light Sweet Crude – down 0.4% to $71.91
10:09 Diana Shipping announces time charter contract for m/v P. S. Palios with Koch
09:55 Okskaya Sudoverf lays down lead multi-purpose dry cargo carrier of Project RSD32M
09:52 Container shipping is smart to collaborate on standards, says MSC CIO
09:15 Baltic Dry Index up to 1,199 points

2018 May 22

18:37 CMA CGM announces GRR from India and Sri Lanka to West Africa
18:07 Great Lakes Dredge & Dock Company adopts ABS Subchapter M regulatory compliance mobile software
17:47 Container throughput of port Hong Kong (China) down 2.8% to 6.49 million TEUs in Jan-Apr’18
17:33 Suez Canal revenues up to 479.3million dollar in April
17:26 Severnaya Verf starts cutting metal for initial section of longline factory vessel (photo)
17:05 Med Marine signs two new design contracts with Robert Allan
16:28 Okskaya Sudoverf launches second shallow-draft barge of Project ROB20, Belmax 2 (photo)
16:05 Bibby Offshore secures multimillion North Sea contract
15:50 RF Ministry of Justice registers order on designation of caution areas in ports of cities hosting World Cup 2018
15:34 New generation of RoRo’s designed by KNUD E. HANSEN for Grimaldi
15:04 Iridium network approved to provide Global Maritime Distress Safety System (GMDSS) services
14:39 North West MP finds out more about how the Port of Barrow is powering the region
14:10 Rosmorport continues providing icebreaker assistance in the Arctic Basin
13:45 Bunker prices are going up at the Far East ports of Russia (graph)
13:21 Van Oord marks 150th anniversary with christening of SRI vessel Bravenes
12:42 IMO approves joint RF/USA proposal on regulation of shipping in the Bering Strait (photo)
12:23 Wärtsilä LNGPac passes 100th order milestone
12:14 Jotun Australia is formally open for Yacht business with complete yacht coating solutions
11:30 ABS Nautical Systems chosen as exclusive mobile compliance solution for Crosby tugs
11:26 Baltic icebreaking season 2017-2018 ends
11:03 Throughput of port Kavkaz in 4M’18 up 51% Y-o-Y to 11.28 million tonnes
10:48 IMO agrees to recognize that the Iridium network meets all the criteria
10:37 Presidents of Iceland and Finland discussed Arctic matters on board IB Urho
10:12 Brent Crude futures price up 0.28% to $79.44, Light Sweet Crude – up 0.32% to $72.58
09:44 Development and financing of strategic transport projects uniting Lithuania and Poland discussed in Vilnius
09:16 Baltic Dry Index down to 1,239 points

2018 May 21

18:31 P&O Cruises marks first construction milestone for newest ship with steel cutting ceremony in Papenburg
18:00 IMO continues roll out of new port emissions training
17:35 Preliminary preparation stage for concession on Northern Latitudinal Railway completed
17:08 Two more vessels added to Offshore Fleet of Azerbaijan Caspian Shipping Company
16:40 Oceanographic research vessel Admiral Vladimirsky arrives at port of Messina (Sicily)
15:59 Federal funding contributes to critical infrastructure projects to support trade through the Port of Vancouver
15:31 Vympel Shipyard launches 75th Mangust patrol boat for Russian FSB Border Service (photo)
15:00 Marine Recruiting Agency starts implementing a package of educational software for UCL Holding companies
14:29 Average wholesale prices for М-100 HFO up to RUB 6,326 in RF spot market
14:03 'Sulphur cap chaos in 2020' warn world’s shipowners - ICS
13:57 BMT supports installation of Kriegers Flak Foundations
13:53 Multipurpose Reloading Complex doubles its investments in development