MARSEILLE : French container shipping giant CMA CGM GROUP (Official) has reached this week 4 Mn Teu of operated capacity, a landmark figure cementing the group’s position as the world’s third largest container carrier, behind MSC Mediterranean Shipping Co (6.7 Mteu) and Maersk (4.6M teu). Owned by the Saade family, CMA CGM has quadrupled its size in the last 16 years, having reached its first million teu of operated capacity in June 2009, then hitting 2 Mteu in 2016 and 3 Mteu in 2021.
The carrier’s formidable expansion since its modest . . .
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