Marseille, France (PortSEurope) September 14, 2021 – CMA CGM Group, a world leader in shipping and logistics, and Brittany Ferries, the largest ferry company operating under the French flag, have announced thh former has agreed to make a €25 million investment in Brittany Ferries, including €10 million in quasi-equity. CMA CGM said it is seeking to support Brittany Ferries’ post-Covid-19 recovery. Synergies in freight shipments
across the Channel and to the Iberian Peninsula The two companies will seek to to unlock synergies in passenger and freight transport, promoting cross-Channel shipping and support France’s position in the sector. A representative of the CMA CGM Group will join Brittany Ferries’ Supervisory Board. According to the agreement, the commercial partnership will use of available cargo space on board Brittany Ferries’ services to the United Kingdom, Ireland and the Iberian Peninsula. The transportation of goods aboard Brittany Ferries’ Ro-Ro ships will help expand the CMA CGM Group’s offering in the Ro-Ro sector for the Atlantic and northern coast of France to destinations in the UK. Brittany Ferries will seek to gain more expertise in freight and logistics, helping it to adapt more easily to the post-Covid-19 trends in goods transportation, including the transport of unaccompanied trailers. Through this agreement, both groups will be able to introduce new Ro-Ro services. Development of LNG excellence in France. CMA CGM and Brittany Ferries will share their LNG knowledge and resources in areas such as training for French crews and safety procedures, and introduce more environmentally-friendly shipping and logistics solutions. Two new LNG-powered ships are due to join Brittany Ferries’ fleet next year and in 2023. The new Ro-pax vessels, to be named Salamanca and Santoña, will operate services between the United Kingdom and Spain. In addition, Brittany Ferries is about to introduce a new rail freight service to expand its multimodal offering. By year-end 2022 the company will offer its customers an unaccompanied trailer transport service on the Atlantic coast rail network between Bayonne and Cherbourg. Copyright (C) PortSEurope. All Rights Reserved. 2021.
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