21st June 2018
The current owner of Containerships plc, Container Finance Ltd Oy, has signed a combination agreement with CMA CGM, one of the global leaders in maritime transport, on 20th June 2018. Consequently, Container Finance’s entire shipping, harbor and terminal holdings, including Containerships plc, will become part of CMA CGM Group. CMA CGM is the 3rd biggest container shipping line in the world with revenue of €18 billion.
Upon closing the agreement, Containerships plc will become part of CMA CGM intra-regional market offering in Europe and the Mediterranean area. Containerships’ strong presence in Northern Europe and the Baltic Sea completes CMA CGM’s short sea network and strengthens both party’s position in the European logistics market.
The restructuring is still a matter of approval of the European competition authorities. This is expected to take 3-6 months.
At present, the restructuring does not have any impacts on Containerships’ brand or operations. Company continues committed to provide industry’s best customer experience as well as to further develop its routes and services. Containerships also continues to execute its environmentally-friendly LNG strategy as planned, and will launch four LNG fuelled vessels between August 2018 and January 2019.
Containerships Plc press release