SINGAPORE (July 7): CMA CGM, the French container shipping firm that bought Neptune Orient Lines (NOL) in 2016, on Tuesday announced its intention to simplify its trade network.
CMA CGM will become the company’s exclusive commercial carrier on the Transpacific trade to better serve its customers from October 1.
“By capitalizing on the expertise, knowledge and footprint of its resources under CMA CGM, the Group will be able to serve its customers more effectively and focus on delivering complete, tailored solutions in the Transpacific market,” it said in a statement.
In the same update, CMA CGM announced that Neptune Orient Lines (NOL), which was bought over by the company in 2016, will be redesigned with the current CMA CGM regional office, as a major regional hub under its new name, CMA CGM Asia Pacific Limited.
The Singapore-based hub will drive CMA CGM’s development in the Asia-Pacific region and will focus on delivering end-to-end shipping and logistics solutions. ANL Container Line will become a subsidiary of CMA CGM Asia Pacific Limited as part of this development.
“The reorganization of our Transpacific trade will keep our global network more efficient and diversified. The creation of a new Asia-Pacific hub in Singapore demonstrates our dedication to serve the region as we take supply chain efficiency to the next level, leveraging our expertise in shipping and logistics,” says Stephane Courquin, Head of CMA CGM Asia Pacific.
In another update, the company said that APL, a long-time service partner for the US government, will be focusing on its service to the US government through its fleet of US-flagged vessels.
APL will also continue its service to the Guam-Pacific trade.
