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.