Latest news with #CMACGMGroup
Yahoo
5 days ago
- Business
- Yahoo
CMA CGM developing $600M Vietnam container terminal
CMA CGM Group is partnering with Saigon Newport Corp. to develop a new deepwater container terminal in Haiphong, northern Vietnam. The agreement covers the design, construction, and operation of the Lach Huyen terminals 7 and 8. The terminal will have a capacity of 1.9 million TEUs and is scheduled to open in 2028. The project comes amid a sharp increase in container volumes in northern Vietnam, and will enable Marseilles-based CMA CGM to secure long-term capacity as the region sees rapid industrial and logistics development. CMA CGM has been active in Vietnam since 1989, with offices in Ho Chi Minh City, Hanoi, Haiphong, Danang, and Quy Nhon. It operates 29 weekly services across seven ports in the country, connecting major global trade routes to an advanced intermodal network via Ceva carrier is co-owner of the Gemalink terminal in Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City. Find more articles by Stuart Chirls here. Maersk, Hapag-Lloyd partner on new Asia-Long Beach service Maersk more than halfway through $1B stock buyback Drewry: China-US container rates up by double digits Savannah sees record containers amid tariff frenzy The post CMA CGM developing $600M Vietnam container terminal appeared first on FreightWaves.
Yahoo
08-05-2025
- Business
- Yahoo
Maritime Analytics Market Size Growing at 10.6% CAGR Set to Reach USD 2.56 Billion by 2031
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the maritime analytics market comprises a vast array of components that are expected to register strength during the coming years. US & Canada, May 08, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global maritime analytics market is observing significant growth due to the increasing maritime logistics and digitization, rising need for maritime vessel management and growth in maritime infrastructure and smart ports. As international trade continues to increase, the maritime industry faces greater demands for efficiency, sustainability, and real-time operational visibility. Maritime analytics plays a crucial role in meeting these demands by providing data-driven insights to optimize shipping operations, improve fleet management, and reduce costs. As per the UN Trade and Development (UNCTAD), in 2023, global maritime trade grew by 2.4% to 12.3 billion tons, rebounding from the 2022 contraction. The sector is projected to grow from 2% in 2024 to an average of 2.4% annually through 2029. The Maritime Analytics Market share is witnessing rapid growth as a result of growing demand for data-driven decision-making within the shipping sector. It encompasses the application of sophisticated analytics, AI, and big data to improve operational efficiency, safety, fuel management, and fleet optimization. Major drivers are growing global trade, regulatory compliance, and the need to save costs and the environment. Stakeholders like shipping firms, terminal operators, and logistics companies are using analytics to get real-time insights and enhance competitiveness. To explore the valuable insights in the Maritime Analytics Market report, you can easily download a sample PDF of the report - Overview of Report Findings Market Growth: The maritime analytics market was valued at US$ 1.27 billion in 2024 and is projected to reach US$ 2.56 billion by 2031; it is expected to register a CAGR of 10.6% during 2025–2031. The maritime analytics market trends include the integration of AI and ML. The maritime analytics market report emphasizes the key factors propelling the market and prominent players' development. Increasing Maritime Logistics and Digitization: In order to expand maritime transportation, logistics, and supply chain capabilities, key companies are making investments. In March 2025, CMA CGM Group, a global leader in maritime, land, air, and logistics solutions and the owner of the US flag carrier American President Lines (APL), announced a US$ 20 billion investment aimed at strengthening the US maritime economy and supporting the transformation of America's domestic supply chain over the next four years. This announcement further builds on CMA CGM Group's 35-year history in the US. The Group currently operates in 40 states and employs 15,000 people across the country. As a key partner in US trade, CMA CGM transports over 5 million shipping containers to and from the US annually. Rising Need for Maritime Vessel Management: Factors such as the increasing complexity of global trade and the growing pressure to enhance operational efficiency, reduce costs, and ensure sustainability are driving the demand for advanced maritime vessel management solutions. As the maritime industry faces heightened competition and regulatory scrutiny, effective vessel management has become critical for ensuring optimal performance, reducing downtime, and improving the overall lifespan of assets. Maritime analytics offer valuable insights to optimize vessel operations, streamline maintenance processes, and enhance safety. Technologies such as predictive maintenance enable the collection and analysis of vast amounts of real-time data from vessels, providing actionable insights into operational parameters such as fuel consumption, engine performance, weather patterns, and cargo handling. With predictive analytics, vessel operators can anticipate maintenance needs, mitigate risks, and make informed decisions that drive operational efficiency. Geographical Insights: In 2024, North America led the market with a substantial revenue share, followed by Europe and APAC. APAC is expected to register the highest CAGR during the forecast period. Market Segmentation Based on component, the market is bifurcated into software and services. The software segment dominated the market in 2024. On the basis of deployment mode, the market is bifurcated into on-premises and cloud. The cloud segment dominated the market in 2024. By application, the market is divided into optimal route mapping, predictive and prescriptive analytics, pricing insights, vessel safety and security, and others. The predictive and prescriptive analytics segment dominated the market in 2024. As per end user, the market is bifurcated into commercial and military. The commercial segment dominated the market in Updated on The Latest Maritime Analytics Market Trends: Strategy and Development Key players operating in the Maritime Analytics Market include ABB; ZeroNorth A/S; Solitwork; Windward Ltd; Kpler; OrbitMI, Inc; Shipnet; Hexagon AB; Inmarsat GHL; and Maritech. Trending Topics: Vessel Monitoring System Market, Commercial Shipbuilding Market. Global Headlines on Maritime Analytics Market "Hexagon announced an agreement to acquire Septentrio NV, a market leader and OEM provider of Global Navigation Satellite System technologies, to drive innovation and expand the market reach of Resilient Assured Positioning solutions.' 'Norway-based maritime technology business Shipnet has launched Helix AI ahead of attending Sea Asia in Singapore next week, further strengthening its revolutionary Helix product, designed to transform decision-making in the shipping industry through advanced data analysis."For more inquiries or to access the full report, please visit: (2025-2031) at: The Maritime Analytics Market trends include the increasing adoption of AI and ML in maritime analytics software market. AI and ML are helping streamline various operational aspects, from optimizing shipping routes and port access to enabling automated navigation systems. Vessels equipped with these technologies can allow crews to offload routine tasks such as data collection and navigation, allowing them to focus on high-priority responsibilities that require human intervention. The continuous flow of real-time data empowers crew members to swiftly respond to changing conditions and leverage historical data to adopt more proactive strategies, ultimately improving operational efficiency and enhancing decision-making. According to Thetius' Beyond the Horizon: Opportunities and Obstacles in the Maritime AI Boom report in 2024, 36 shipping companies have either adopted or are planning to deploy AI-enabled technologies within the past year. Small and medium-sized enterprises (SMEs), which represent 63% of AI technology suppliers, have been instrumental in driving this adoption, alongside 18% of corporate entities and a growing 17% of startups, a 5% increase compared to 2022-2023. Thus, the advancements in AI and ML are expected to revolutionize how shipping companies manage operations, optimize resources, and respond to dynamic market conditions, creating significant future trends for businesses to drive efficiency, reduce costs, and enhance overall sustainability. The report from The Insight Partners, therefore, provides several stakeholders—including component providers, system technology integrators, system manufacturers, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new Related Reports: Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Press Release - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
22-04-2025
- Business
- The Sun
World's largest cargo ship as tall as a SKYSCRAPER launched by China in face of Trump's global trade war
CHINA has put out to sea a monster-sized cargo ship, as the world's manufacturing hub sets out to show tariff-obsessed Donald Trump who the big guy is. The 1,310-ft-long vessel is said to be capable of holding a whopping 220,000 tonnes of goods and stacking 24,000 containers. 7 7 7 7 Footage shows the monstrous vessel - built in just 17 months - ripping through the ocean. Named the CMA CGM SEINE, the world's largest vessel was delivered from its Hudong-Zhonghua shipyard in Shanghai on Tuesday. The ship has a fuel bunker with a capacity of 18,600 cubic metres of LNG (Liquefied Natural Gas), allowing it to travel nearly 20,000 nautical miles when fully loaded. While dubbed the "sea monster", this ship is actually more environmentally friendly than traditional oil-powered vessels. It emits 20 percent less carbon dioxide, 85 percent fewer nitrogen oxides and 99 percent less particulate matter and sulphur oxides. China 's goal in building these giants vessels is reportedly to reduce logistic costs, make global shipping greener and increase its connectivity to other parts of the world. The ship has already begun sailing from Asia to Europe. It was built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., one of China's leading shipbuilding companies. This is the 17th vessel built by the shipbuilder for CMA CGM Group, a French shipping company. Until now, the world's largest container ship was the MSC Irina - a Chinese ship almost identical in length to the CMA CGM SEINE, but shorter in width. It is 167 feet wide - more than 30 feet narrower than this new ship. The MSC Irina was built by Jiangsu Yangzijiang Shipbuilding Group in 2023 and put into service the same year. It comes as China recently unveiled an enormous cargo drone dubbed the "pickup truck of the sky" that can carry a tonne. The drone, called CH-YH1000, was made public in January, when China announced it had passed its "full-load taxiing test". It is shaped like a passenger plane, with two large horizontal wings and a tail fin. It has two miniature propellers whirring at the front and runs on a set of three wheels in a triangular formation. The wheels don't leave the tarmac at any point, but this early-stage test was just to ensure the drone is able to taxi properly. The oversized drone will be used to ferry large amounts of cargo around, earning it the title of "pickup truck in the air". The mini plane is powered by two strong engines and sports an upward-flipping nose door to allow the easy loading and removal of cargo. 7 7
Zawya
17-03-2025
- Business
- Zawya
First dual-fuel methanol vessel calls at Khalifa Port
The CMA CGM Iron made a historic call at CMA Terminals Khalifa Port on Friday (March 14), becoming the first dual-fuel methanol container vessel sailing to Abu Dhabi. Through this milestone, AD Ports Group and the CMA CGM Group deepen their cooperation in maritime decarbonization, a statement said. The CMA CGM ship built by Hyundai Samho Heavy Industries of Korea is a dual-fuel vessel able to run both on conventional and alternative fuels such as bio-methanol and e-methanol. Saif Al Mazrouei, CEO Ports Cluster, AD Ports Group, said: 'The arrival of the CMA CGM Iron dual-fuel container vessel is a sign of things to come in the global maritime industry, where AD Ports Group, under the wise guidance of our UAE leadership, is a leader in developing the infrastructure for a sustainable future, such as the storage and distribution of biofuels. We are committed to providing a viable commercial biofuels infrastructure at Khalifa Port, not only for our shipping customers, but also for clients in our Kezad economic cities, many of whom are increasingly introducing biofuels in their own operations''. Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, added: 'The arrival of the first dual-fuel methanol vessel at Khalifa Port marks a significant milestone in our journey towards Net Zero Carbon by 2050. It underscores the shared ambition of the CMA CGM Group and AD Ports Group to position CMA Terminals Khalifa Port as a sustainable, cutting-edge infrastructure, delivering optimal service and strengthening its role as a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Gulf, and the Indian Subcontinent.' CMA CGM, a global player in sea, land, air and logistics solutions, is a strategic partner of AD Ports Group. Aside from CMA Terminals Khalifa Port, which was inaugurated in December 2024 and expanded Khalifa Port's capacity by 23%, the companies are jointly developing a multipurpose terminal in Pointe Noire, Republic of Congo. The CMA CGM Iron, which has a container capacity of 13,000 TEUs, is the first of 12 new dual-fuel methanol vessels planned by CMA CGM, who is also planning to launch the Cobalt, Argon, Platinum, Mercury, Helium, Krypton, Thorium, Osmium, Silver, Copper, and Gold dual-fuel vessels this year and in 2026. The Group's dual-fuel methanol vessels represent a major milestone on the CMA CGM Group's path towards Net Zero Carbon by 2050, and highlights the Group's strategic and technological partnership with Hyundai Samho Heavy Industries and Korea to decarbonize the shipping industry. The CMA CGM Iron made its call in Abu Dhabi as part of CMA CGM's CIMEX1 service, which connects Asia to the Middle East Gulf region. CMA Terminals Khalifa Port is a joint venture between CMA CGM unit CMA Terminals (70%) and AD Ports Group (30%). With investments in 60 terminals worldwide, CMA CGM Group continues to enhance its presence in port management, supporting the growth of its shipping lines, and delivering optimal service quality to customers. Ideally situated between Abu Dhabi and Dubai, CMA Terminals Khalifa Port aims to become a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Arabian Gulf, and the Indian subcontinent. The terminal has an initial annual handling capacity of 1.8 million TEUs. With two berths totaling 800 metres in length, and a depth of 18.5 metres, the terminal is equipped to accommodate and handle the world's largest container ships. CMA Terminals Khalifa Port is outfitted with state-of-the-art, sustainable technology, including 8 next-generation ship-to-shore cranes and 20 electric RTGs, and features seamless connectivity to the Etihad Rail network. The terminal also includes an administrative building powered by renewable energy, including on site solar panels, which was recognized with the MENA Green Building Awards in 2022. A 90-hectare container yard completes the facility, ensuring efficient and smooth port operations. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
16-03-2025
- Business
- Trade Arabia
First dual-fuel methanol vessel calls at Khalifa Port
The CMA CGM Iron made a historic call at CMA Terminals Khalifa Port on Friday (March 14), becoming the first dual-fuel methanol container vessel sailing to Abu Dhabi. Through this milestone, AD Ports Group and the CMA CGM Group deepen their cooperation in maritime decarbonization, a statement said. The CMA CGM ship built by Hyundai Samho Heavy Industries of Korea is a dual-fuel vessel able to run both on conventional and alternative fuels such as bio-methanol and e-methanol. Saif Al Mazrouei, CEO Ports Cluster, AD Ports Group, said: 'The arrival of the CMA CGM Iron dual-fuel container vessel is a sign of things to come in the global maritime industry, where AD Ports Group, under the wise guidance of our UAE leadership, is a leader in developing the infrastructure for a sustainable future, such as the storage and distribution of biofuels. We are committed to providing a viable commercial biofuels infrastructure at Khalifa Port, not only for our shipping customers, but also for clients in our Kezad economic cities, many of whom are increasingly introducing biofuels in their own operations''. Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, added: 'The arrival of the first dual-fuel methanol vessel at Khalifa Port marks a significant milestone in our journey towards Net Zero Carbon by 2050. It underscores the shared ambition of the CMA CGM Group and AD Ports Group to position CMA Terminals Khalifa Port as a sustainable, cutting-edge infrastructure, delivering optimal service and strengthening its role as a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Gulf, and the Indian Subcontinent.' CMA CGM, a global player in sea, land, air and logistics solutions, is a strategic partner of AD Ports Group. Aside from CMA Terminals Khalifa Port, which was inaugurated in December 2024 and expanded Khalifa Port's capacity by 23%, the companies are jointly developing a multipurpose terminal in Pointe Noire, Republic of Congo. The CMA CGM Iron, which has a container capacity of 13,000 TEUs, is the first of 12 new dual-fuel methanol vessels planned by CMA CGM, who is also planning to launch the Cobalt, Argon, Platinum, Mercury, Helium, Krypton, Thorium, Osmium, Silver, Copper, and Gold dual-fuel vessels this year and in 2026. The Group's dual-fuel methanol vessels represent a major milestone on the CMA CGM Group's path towards Net Zero Carbon by 2050, and highlights the Group's strategic and technological partnership with Hyundai Samho Heavy Industries and Korea to decarbonize the shipping industry. The CMA CGM Iron made its call in Abu Dhabi as part of CMA CGM's CIMEX1 service, which connects Asia to the Middle East Gulf region. CMA Terminals Khalifa Port is a joint venture between CMA CGM unit CMA Terminals (70%) and AD Ports Group (30%). With investments in 60 terminals worldwide, CMA CGM Group continues to enhance its presence in port management, supporting the growth of its shipping lines, and delivering optimal service quality to customers. Ideally situated between Abu Dhabi and Dubai, CMA Terminals Khalifa Port aims to become a key hub connecting Asia, Africa, Europe, the Mediterranean, the Middle East, the Arabian Gulf, and the Indian subcontinent. The terminal has an initial annual handling capacity of 1.8 million TEUs. With two berths totaling 800 metres in length, and a depth of 18.5 metres, the terminal is equipped to accommodate and handle the world's largest container ships. CMA Terminals Khalifa Port is outfitted with state-of-the-art, sustainable technology, including 8 next-generation ship-to-shore cranes and 20 electric RTGs, and features seamless connectivity to the Etihad Rail network. The terminal also includes an administrative building powered by renewable energy, including on site solar panels, which was recognized with the MENA Green Building Awards in 2022. A 90-hectare container yard completes the facility, ensuring efficient and smooth port operations. - TradeArabia News Service
