CMA CGM signs three agreements with CSCL and UASC

Marsailles, September 11, 2014 (STAT):-The CMA CGM Group, the world’s third largest container shipping company, announced the signature of three major agreements with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC).

Under the name of OCEAN THREE, the agreements concern the following maritime trades: Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast.

The agreements (a combination of Vessel Sharing Agreements, Slot Exchange Agreements and Slot Charter Agreements) will complete the CMA CGM offering on the biggest global maritime markets:

This new offering will combine both speed and reliability. Rotations will be optimized with calls in all the biggest Asian, European and North American ports, using transshipment hubs common to the three partners.

The number of weekly calls proposed and the transit times will be among the best on the market, thereby responding to the expectations of our clients.

Rodolphe Saadé, CMA CGM Vice Chairman, declares:“We are very pleased to have signed these three agreements with such reputable partners, whom we both know and appreciate. This will allow us to propose to our clients a high quality and reliable alternative to existing services on the market. CMA CGM will continue its global development.”