News / CMA CGM stake in Ceva 'is no threat to the forwarders'

Nicolas Sartini

CMA CGM’s investment into Ceva Logistics is not a threat to forwarder-controlled ocean freight, according to Nicolas Sartini, CEO of subsidiary carrier APL.

Speaking prior to yesterday’s announcement that CMA had upped its stake in Ceva to 33%, Mr Sartini said the rationale of the investment was to provide integrated services to large shippers that want to do direct business with carriers.

“Some customers want to deal only with forwarders, some only carriers and some both,” he said at the TPM Asia conference in ...