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CMA CGM Signs Two Strategic Agreements With China State Shipbuilding Corporation

CMA CGM signs two strategic agreements with China State Shipbuilding Corporation

CMA CGM Signs Two Strategic Agreements With China State Shipbuilding Corporation

Marseille, France (PortSEurope) March 27, 2019 – Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, a world leader in shipping and logistics, has signed two agreements with Lei Fanpei, Chairman of the China State Shipbuilding Corporation (CSSC), in the presence of French President Emmanuel Macron and Chinese President Xi Jinping.

Rodolphe Saadé signed an agreement for the order of ten new 15,000-TEU container ships. Measuring 366 metres long, they will be delivered from 2021 in replacement of ten other vessels and will be used on the Asia-Mediterranean lines.

Saadé said: “Through this strategic partnership with the China State Shipbuilding Corporation, we once again opt for LNG propulsion and we reinforce our efforts to develop ever more efficient and environmentally-friendly vessels. We thereby reassert our leading role in the energy transition of the shipping industry.”

Designed to support the group’s growth, these ships will further strengthen its competitiveness and will be equipped with the latest technologies for the protection of the environment.

The CMA CGM Group thus chose to power half of these newbuilds with liquefied natural gas (LNG), which allows for a significant reduction in CO2, sulphur, fine particles and nitrogen oxides emissions.

The five other vessels will be fitted with hybrid scrubbers, allowing for the elimination of sulphur and fine particles emissions.

Rodolphe Saadé and Lei Fanpei also signed an ambitious cooperation agreement to develop more efficient and environmentally-friendly vessels. The CMA CGM Group thereby reasserts its commitment for the protection of the environment and the energy transition of the shipping industry.

Source: CMA CGM

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