Tuesday, December 12, 2017

Another Purchase Sees French Container Line Continue Freight Fleet Expansion Policy

South American Purchase Confirmed by Regulators
Shipping News Feature
FRANCE – DENMARK – SOUTH AMERICA – French shipping group, CMA CGM has completed the acquisition of Mercosul Line from Danish container giant Maersk Line. Mercosul Line is a key player in the South American ocean freight market, most notably in Brazil, a market with a strong potential for development, especially on cabotage, feeder and 'door-to-door' services.

The sale of Mercosul was subject to Brazilian regulatory approval and the closing of Maersk's acquisition of German competitor Hamburg Süd, both of which have now been finalised. Established in 1996, Mercosul Line serves more than 12 ports with a fleet of 4 vessels of 2,500 TEUs. Mercosul's network includes 130 people in its offices in Santos, São Paulo, Manaus, Recife and Itajai. Søren Toft, Chief Operating Officer, AP Moller – Maersk, commented

"Mercosul is a highly respected and well-run company with an excellent fleet and customer value proposition. It has been a valued brand in our portfolio and we wish the company and its dedicated people the best in the future."

The activity of Mercosul Line is part of CMA CGM’s core strategy, which is to develop intra-regional sea transportation links and complementary services such as logistics. With a presence in Argentina, Brazil, Paraguay and Uruguay through 18 dedicated offices, CMA CGM Group employs 340 staff members along the East Coast of South America with more than 71 vessels operating 9 different services and 20 call ports.