Tuesday, October 3, 2017

South Pacific Container Feeder Specialist Bought by Major Freight Shipping Line

French Box Carrier Buys Up Local Company
Shipping News Feature
FRANCE – SOUTH PACIFIC – French container shipping line, CMA CGM has reached an agreement to purchase through its Australian subsidiary, ANL, the majority of the shares in New Zealand-based shipper Sofrana Unilines, a player in the Pacific Islands regional maritime freight trade, running feeder vessels from 500 to just over 1,000 TEU.

Sofrana Unilines operates directly or in partnership a fleet of 10 vessels on eight trade-lanes, servicing 21 ports in Australia, New Zealand, Papua New Guinea and the Pacific islands. With successful operations in the South Pacific region for almost 50 years, the Sofrana purchase is intended to provide enhanced port coverage to ANL and CMA CGM in this area.

ANL already offers 16 trade lanes servicing major ports throughout Australia, New Zealand, Papua New Guinea, North Asia, South East Asia, the Indian Subcontinent and North America. ANL’s extensive reach across Asia, ISC and North America coupled with Sofrana’s in-depth knowledge of the Pacific islands should provide customers with a new level of service and routing options, all supported by the financial and operational strength of the CMA CGM Group according to the French group.

The acquisition of Sofrana Unilines is expected to be completed by the end of October and the newly combined group, to be known as Sofrana ANL, will join CMA CGM’s large portfolio of regional expert subsidiaries: OPDR and MacAndrews in Europe, CNC in Asia. In addition, CMA CGM announced in June its project to acquire Mercosul Line from Maersk to build up its operations in Brazil.