Latest news from Heavy Lift & Project Forwarding International Magazine

CMA CGM launches Ceva takeover

France-based container shipping giant CMA CGM launched its USD1.65 billion public tender offer for Switzerland-headquartered Ceva Logistics on February 12.

The European Commission said that the proposed acquisition would not raise competition concerns given its limited impact on the structure of freight forwarding, shortsea and deepsea container shipping markets. The deal was granted the green light on February 7.

Rodolphe Saadé, chairman-ceo of CMA CGM, said: “Once the takeover is completed, CMA CGM will become a 100,000-employee strong group, generating over USD30 bn in revenue.”

CMA CGM already controls 33 percent of Ceva Logistics and stated that the offer of CHF30 (USD29.7) per share is supported by the latter’s board of directors. Ceva rejected an offer of the same value from Danish logistics company DSV in October 2018.

www.cma-cgm.com

www.cevalogistics.com

Heavy Lift | News

Elbe Project Cargo Line launched thumbnail image

Elbe Project Cargo Line launched

March 22 - Sächsische Binnenhäfen Oberelbe, in cooperation with Deutsche Binnenreederei, launched the Elbe Project Cargo Line (EPCL) – a liner service for oversize and heavy project cargoes.
Views: 655
Mammoet moves for Mitsubishi thumbnail image

Mammoet moves for Mitsubishi

March 22 - Mammoet has delivered and installed 120 pressure vessels and modules for the construction of the Caribbean Gas Chemical Limited (CGCL) methanol and dimethyl ether (DME) plant in La Brea, Trinidad and Tobago.
Views: 862
Noatum in MIQ takeover thumbnail image

Noatum in MIQ takeover

March 22 - Noatum Logistics has signed a definitive agreement to acquire USA-based MIQ Logistics. The agreement is expected to close in the coming weeks. 
Views: 783

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.