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CMA CGM Completes Acquisition of Brazilian Cabotage Carrier Mercosul Line

marinesalvage by marinesalvage
March 23, 2023
in News
0
Mercosul line brazil cma cgm
Mercosul line brazil cma cgm

CMA CGM Completes Acquisition of Brazilian Cabotage Carrier Mercosul Line

CMA CGM has actually finished its procurement of Mercosul Line, among the leading providers in Brazil’s residential container delivery market.

CMA CGM on Monday revealed the conclusion of the procurement, which it states will certainly permit the team to reinforce its solution offering in Brazil, and also extra extensively in South America, particularly in cabotage and also “door-to-door” solutions.

The French delivering firm, among the globe’s most significant container lines, revealed its purpose to get Mercosul Line from Danish competing Maersk back inJune The sale underwent governing authorization and also subject to the closing of Maersk’s procurement of Hamburg Süd, which it finished previously this month.

MERCOSUL Line was developed in 1996 and also presently offers greater than 12 ports with a fleet of 4 2,500 TEUs containerships. The firm’s network consists of 130 individuals in its workplaces in Santos, São Paulo, Manaus, Recife and also Itajai.

“The activity of MERCOSUL Line is part of CMA CGM’s core strategy, which is to develop intra-regional sea transportation links and complementary services such as logistics,” CMA CGM stated in a declaration Monday.

With 18 devoted workplaces in Argentina, Brazil, Paraguay and also Uruguay, CMA CGM Group utilizes about 340 team member in the East Coast of South America and also runs greater than 71 vessels on 9 various solutions and also call 20 ports.

Source of This New

Tags: CMA CGMmercosul linemergers and acquisitions
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