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CMA CGM completes Containerships’ purchase

Marseille - The French shipping group CMA CGM has announced that it has completed the acquisition of the Finnish short sea cargo carrier and logistic firm Containerships

Marseille - The French shipping group CMA CGM has announced that it has completed the acquisition of the Finnish short sea cargo carrier and logistic firm Containerships.

The announcement has come after, last week, the EU Commission had approved the takeover.

With the acquisition of the intra-European shortsea specialist Containerships, CMA CGM says it will strengthen its position as a major player in intra-European transport, in particular through the combination of the geographical areas covered by Containerships and MacAndrews. The oldest shipping company in Europe, MacAndrews was acquired by CMA CGM in 2002, and offers rail, land and maritime transport services with a specialisation in short-sea routes.

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