CMA CGM paying $20.3m for Allseas boxship

CMA CGM paying $20.3m for Allseas boxship

CMA CGM continues to scour the markets for secondhand boxship tonnage. Having vowed earlier this year to hold off ordering new ships, the French line has been very active picking up S&P deals throughout 2017. Its latest acquisition is the 6,589 teu Maule. The Marseille firm is understood to be paying Greece’s Allseas Marine $20.3m for the 2010-built ship, constructed by CSBC in Taiwan.

Earlier this month CMA CGM swooped to take over Mercosul, a Brazilian subsidiary of Maersk Line, which has four ships. In March CMA CGM was linked with the acquisition of two Conti boxships.

With a fleet now in excess of 2.33m slots, CMA CGM is the third largest liner in the world.

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.

Related Posts