AS expected for days, French shipping giant CMA CGM has bought German short sea specialist Oldenburg-Portugiesische Dampfschiffs-Rhederei, the Marseilles-based company announced.
"During his visit in Hamburg, Mr Jacques R Saade [company founder] announced the acquisition of the German company OPDR (Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG)," said the CMA CGM statement.
OPDR is a shipping company owned by the Bernhard Schulte Group, an expert in short sea shipping and door to door logistics for north Europe Canary Islands, the Iberian Peninsula and Morocco, the statement said.
"With its over 200 dedicated collaborators and its network of agencies, the company connects Europe, Scandinavia and North Africa," it said.
Said CMA executive officer Farid Salem: "This new acquisition reinforces the group’s presence on the growing intra-European short sea transportation market. This is a continuation of our strategy to broaden our regional network, a strategy which began with the acquisition of MacAndrews in 2002. "
OPDR operates five services between North Europe and the Canary Islands, Seville and the Canary Islands, north Europe Spain, Portugal and Morocco, north Europe and Morocco as well as north Europe Spain and Scandinavia.
"OPDR and MacAndrews joint capacities will reinforce the CMA CGM Group’s intra-European offering, and its tailor made intermodal solutions. Our clients will also benefit from substantial synergies at the CMA CGM Group level," said the company statement.
In 2014, OPDR expects to carry over 240,000 TEU, and MacAndrews expects to carry over 290,000 TEU.
CMA CGM, the world's third largest container line, is a member of the Ocean Three alliance with United Arab Shipping and China Shipping.
In the last few years, the Marseilles shipping line has acquired short-sea operators such as Delmas, ANL, US Lines, CNC, Comanav and MacAndrews with a view to developing feeders for its long-haul trades.
OPDR, which goes back to the 19th century, owns seven ships and charters others, and recently teamed up with Containerships to operate a service between Agadir and St Petersburg.
The closing of this transaction is subject to the approval of the relevant regulatory authorities.
WORLD SHIPPING
26 November 2014 - 23:10
CMA CGM buys Oldenburg-Portugiesische Dampfschiffs-Rhederei
AS expected for days, French shipping giant CMA CGM has bought German short sea specialist Oldenburg-Portugiesische Dampfschiffs-Rhederei, the Marseilles-based company announced.
WORLD SHIPPING
26 November 2014 - 23:10
CMA CGM buys Oldenburg-Portugiesische Dampfschiffs-Rhederei
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