We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » CMA CGM seeks to expand Mediterranean service through acquisition

CMA CGM seeks to expand Mediterranean service through acquisition

Freight giant is in talks with food logistics company STEF Group to buy the mixed passenger and freight marine carrier La Méridionale.

Méridionale Screen Shot 2023-02-15 at 1.24.15 PM.jpg
February 15, 2023
Supply Chain Quarterly Staff
No Comments

Ocean freight giant CMA CGM Group is in talks to acquire La Méridionale, a shipping company specializing in passenger and freight transport in the Mediterranean, the French company said today.

CMA CGM is negotiating the deal with the firm’s parent company, STEF Group, a Paris-based provider of temperature-controlled logistics and transport for the European food sector.

If the deal goes through, CMA CGM said it “intends to turn around La Méridionale and restore its growth prospects.” To do so, the company would “create commercial complementarities in France and internationally, particularly the RORO service to Morocco, while preserving the jobs of French sailors on board its ships,” CMA CGM said.

Marseille, France-based La Méridionale is a 92-year-old firm that operates a daily freight and passenger service between Corsica and the European continent with up to 13 crossings per week. The shipping company has also opened a regular line between Marseille and Morocco with weekly services. La Méridionale employs nearly 600 people including 490 seafarers, with a fleet of four dedicated mixed passenger and freight vessels: the Pelagos, the Kalliste, the Piana, and the Girolata.                                                                            
 

 

 

 

Ocean
KEYWORDS CMA CGM Group La Méridionale STEF Group
  • Related Articles

    CMA CGM plans to improve ship routing through satellite data links

    CMA CGM to acquire New York and New Jersey terminals operated by GCT

    Spare parts delivery service Marinetrans expands territory in Greece through acquisition

Recent Articles by Supply Chain Quarterly Staff

IoT vendors say industry needs better collaboration

Survey: only 55% of shippers filled their LTL trucks to full capacity in 2022

Survey: consumers set price cap on paying sustainability premium

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Postal Service plans to seize items mailed with fake stamps

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Five tips for parcel success in 2023

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing