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CMA CGM financial results for third quarter 2021:

Strong financial performance and step up of Group investments

The CMA CGM Group continues to step up its investments for more efficient supply chains  

In response to strong pressure on supply chains and to support the growth of the transport market in the coming years, the Group has continued with its investments to strengthen its shipping, port and airfreight logistics network. These investments will allow CMA CGM to provide comprehensive solutions and improve the quality of service in order to optimize its strategic development for the years to come while also pursuing its actions to promote the energy transition. With this ambitious investment program, the Group aims to build supply chains to serve the global economy. 

Strengthening the maritime fleet with vessels that promote energy transition  

  • A 5.9% increase in shipping capacity between September 2020 and September 2021
  • 10 new owned vessels and three new 15,000 TEU (twenty-foot equivalent unit) chartered vessels have joined the Group's fleet since the beginning of the year
  • Acquisition of 49 second-hand vessels since January 1, 2021
  • 800,000 additional containers over 15 months to reach 4.8 million units. 
     

Since 2017, CMA CGM has chosen to invest in dual-fuel vessels that run on liquefied natural gas (LNG) and allow to almost fully reduce atmospheric pollutant emissions. This represents a first step in reducing greenhouse gas emissions. The engine installed on these vessels is already capable of using BioLNG from biomethane (-67% in CO₂ emissions) or synthetic methane (including e-methane). In line with its decarbonization strategy, the Group is stepping up its investments and partnerships to introduce increasingly innovative solutions: 

  • Long-term strategic and industrial partnership with ENGIE  aimed at developing an industrial synthetic methane production and distribution network using various technologies (pyrogasification and methanation using green hydrogen and captured CO2). This major partnership will facilitate the sharing of both groups' expertise and R&D capabilities, in particular in key technologies such as carbon capture and green hydrogen production.
  • Launch of the first liquified biomethane production project (BioLNG) dedicated to shipping, at the Port of Marseilles, in partnership with Elengy (an ENGIE subsidiary), Métropole Aix-Marseille-Provence and TotalEnergies. The BioLNG will be produced using household waste from the Marseilles Provence Territory. This project will benefit from the existing infrastructure at the Port of Marseilles.  

The CMA CGM Group's "e-methane ready" fleet currently includes 20 vessels in service and will have a total of 44 by the end of 2024.

 

Click here to read the full press release.

For more information: cmacgm-group


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