CMA CGM’s Ze Box and PSA unboXed have signed a Memorandum of Understanding (MoU) to drive digitalization and innovation in the shipping and supply chain ecosystem, CMA CGM said in its press release. Ze Box is CMA CGM’s corporate venture capital arm that invests in start-ups with innovations that bring strategic value to the CMA CGM Group, while PSA unboXed is PSA International’s external innovation and corporate venture capital arm.
Representing leaders in their respective areas of global shipping and global port operations, the collaboration between CMA CGM’s Ze Box and PSA unboXed builds on the proven commercial partnersh ip between CMA CGM Group and PSA International, such as the CMA CGM-PSA Lion Terminal in Singapore.
Under the MoU, both companies will collaborate in the following areas:
Ze Box and PSA unboXed will support the growth of each other’s ecosystem through the collaboration of resources
Ze Box and PSA unboXed will collaborate through their corporate innovation programs to address industry problems. They will leverage on each other’s industry knowledge and experience in shipping and supply chain management to provide problem statements as well as real life solutioning capabilities, to test-bed ideas and to achieve better customer experience and operational efficiency
Ze Box and PSA unboXed will support each other’s mentorship program through the provision of experienced mentor s to catalyse the growth of start- ups in the programs
Ze Box will set up a satellite office within PSA unboXed premises in Singapore
About CMA CGM
CMA CGM, founded by Jacques R. Saadé, is a leading worldwide shipping group. Its 489 vessels call more than 420 ports in the world on all 5 continents. In 2016, they carried 15.6 million TEUs (twenty-foot equivalent units). Now headed by Rodolphe Saadé, CMA CGM enjoys a continuous growth and keeps innovating to offer its customers new maritime, terrestrial, and logistical solutions. With a presence in 160 countries and through its 755 agencies network, the Group employs 29,000 people worldwide, including 2,400 in its headquarters in Marseille.
About PSA International
As one of the leading global port groups, PSA participates in around 40 terminals in 16 countries across Asia, Europe and the Americas with flagship operations in PSA Singapore Terminals and PSA Antwerp. PSA strives to continue growing its port network alongside its shipping line customers and become the preferred partner to port stakeholders across the world. Employing the finest talents in the industry, PSA delivers reliable and best-in-class service to its customers and develops win-win relationships with its partners. As the port operator of choice in the world's gateway hubs, PSA is “The World's Port of Call”.