CMA CGM has completed the acquisition of Containerships. The European Commission authorised this transaction on 22 October. Containerships, which specialises in the intra-European market, will complement CMA CGM’s service offering.
Founded in 1966, Containerships is a Finnish company specialising in intra-European containerised trade with 690 employees. Containerships offers its clients a range of services and logistics solutions through sea, road, rail and barge.
With the acquisition of Containerships, CMA CGM said it strengthened its position as a major player in intra-European transport, in particular through the combination of the geographical areas covered by Containerships and MacAndrews: MacAndrews, recently merged with OPDR, covers the UK, Poland, Sweden, Ireland, the Netherlands, Spain, the Canary Islands, Portugal and Morocco; Containerships is present in the Baltic markets, Russia, northern Europe, north Africa and Turkey.
In 2017, 2.2M TEU was transported on CMA CGM Group's and Containerships’ intra-European lines.
The acquisition of Containerships is part of the CMA CGM Group's strategy aimed at densifying its regional network, which began in 2002 with the acquisition of MacAndrews. CMA CGM is strengthening its intra-regional offer, a rapidly expanding market in which the Group is already present through its subsidiaries:
With Containerships, CMA CGM is also pursuing its strategy towards protecting the environment with the upcoming entry into Containerships’ fleet of four 1,400-TEU vessels powered by LNG. These vessels will be followed, from 2020 onwards, by nine 22,000-TEU and two 1,400-TEU container ships ordered by the CMA CGM Group. In addition, Containerships has a fleet of LNG-powered trucks, enabling the CMA CGM Group to offer LNG throughout the transport cycle.