ContainersEuropeOperations

CMA CGM adds ropax business to sprawling empire

Photo of Sam Chambers Sam ChambersFebruary 9, 2023
1,915 Less than a minute
La Méridionale

Cash-rich, acquisitive CMA CGM is closing in on a takeover of fellow Marseille shipowner La Méridionale, a struggling ropax operator belonging to STEF Group with routes to Corsica, Sardinia and Morocco.

La Méridionale, which has 600 employees, has three ships and is the latest acquisition target by Rodolphe Saade-led CMA CGM, which has been on a buying binge during container shipping’s boom years. Acquisitions have included ports, ships, planes, logistics companies as well as media businesses.

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Photo of Sam Chambers Sam ChambersFebruary 9, 2023
1,915 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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