Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
With Asia-South America ocean freight rates at an 18-month high of around $4,350 per 40ft, ...
CMA CGM has announced that from 1 January, it will merge its shortsea subsidiaries, MacAndrews and OPDR, as MacAndrews.
MacAndrews was acquired by CMA CGM in 2002, while the 1882-founded Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) was purchased by the French carrier in 2015.
“The union between two companies specialising in intra-European transport enables the CMA CGM group to strengthen its multimodal offer in Europe, said CMA CGM.
The carrier claimed that thanks to the “complementarity of the geographical zones” covered by MacAndrews and OPDR, the merger would create “the sector’s leader”.
The OPDR brand is yet another familiar shipping name sacrificed in the wave of consolidation sweeping liner shipping and is another blow to the Hamburg shipping community.
However, to appease German shippers, CMA CGM has decided to relocate the new MacAndrews headquarters from London to Hamburg.
OPDR has 310 employees and MacAndrews 285, and according to CMA CGM the current employment levels will be maintained.
Nevertheless, to achieve the back office savings from the merger, in due course staff costs will need to be reduced.
Moreover, although CMA CGM has given assurances on the total head count, there are likely to be several MacAndrews London HQ staff that will decide not to relocate to Hamburg.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Another strong month for US ports as container flows continue to rise
DSV chief reticent on Schenker: the focus on growing market share
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article