Today’s ship picture of the day is of the CMA CGM Orfeo, a ten,000 TEUs containership that at this time symbolized the industrial relations between France and China.

The MV CMA CGM Orfeo was berthed at this time in entrance of CMA CGM’s headquarters in Marseille, France, the place Group welcomed China Prime Minister Mr. Li Keqiang, France Minister of Foreign Affairs Mr. Laurent Fabius, the Minister of State for Foreign Trade Mr. Matthias Fekl and an essential Chinese ministerial delegation, for the signing of two main financial agreements.

The first was a partnership settlement between China Merchants (CMHI) and CMA CGM Group to develop the strategic “One Belt, One Road” venture, a excessive profile technique initiated by the Chinese authorities to develop infrastructure and ports-related logistics tasks that can assist increase commerce. The CMA CGM Group is the primary firm to signal such an settlement with a Chinese firm for this strategic venture.

For the second settlement, CMA CGM and the Export-Import Bank of China (CEXIM) signed a framework settlement on financing options for a complete of as much as USD $1 billion within the type of loans and/or export credit score insurance coverage, which might be accessible for the longer term vessels and containers the group might order in China.

Commenting on the agreements, Jacques R. Saadé, Founder, Chairman and Chief Executive Officer of CMA CGM Group stated:

“July 1st will be a milestone in our Group’s history. The Chinese Prime Minister’s visit is a great recognition of the unique links our Group has developed with China, a strategic country in the Group’s development history. We are proud of the honor and of the confidence that this visit demonstrates.”

More on at this time’s agreements may be discovered HERE.

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