Shipping

CMA CGM Group announces the order of 22 new vessels

May, 02, 2021 Posted by Andrew Lorimer

Week 202119

The CMA CGM Group, a world leader in shipping and logistics, signed today with China State Shipbuilding Corporation CSSC Group an order for:

6 LNG-powered containerships with a capacity of 13,000 TEUs (Twenty-foot equivalent unit),
6 LNG-powered containerships with a capacity of 15,000 TEUs,
10 VLSFO-powered containerships with a capacity of 5,500 TEUs

On the East Coast of South America, CMA CGM has seen its market share grow substantially over the past ten years. In 2011 they held a share of just under 8%. In 2020 that had risen to just under 11%.

CMA CGM market share on the East Coast of South America | Jan to Dec 2011-2020 | TEU

This order aims at accommodating market growth. These vessels are expected to join the Group’s fleet between 2023 and 2024.

 

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