CMA CGM
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| Société Anonyme | |
| Industry | Containerization |
| Founded | 1978 |
| Founder | Jacques Saadé |
| Headquarters |
CMA CGM Tower Marseille, France |
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Number of locations
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650 offices/agencies |
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Area served
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Worldwide |
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Key people
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Jacques R. Saadé Group Chairman & Rodolphe Saadé CEO |
| Products | Container shipping |
| Revenue | $16.5 billion (2013) |
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Number of employees
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20,000 |
| Subsidiaries | List of Subsidiaries |
| Website | www |
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Footnotes / references |
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Coordinates: 43°18′54″N 5°21′58″E / 43.314892°N 5.366006°E
CMA CGM S.A. is a French container transportation and shipping company, headed by Jacques Saadé. It is the third largest container company in the world, using 170 shipping routes between 400 ports in 150 different countries. Its headquarters are in Marseille, and its North American headquarters are in Norfolk, Virginia, USA.
The name is an acronym, which, spelled out, would translate as "Maritime Freighting Company - General Maritime Company".
Compagnie Générale Maritime (CGM) The history of CMA CGM can be traced back to the middle of the 19th Century, when two major French shipping lines were created, respectively Messageries Maritimes (MM) in 1851 and Compagnie Générale Maritime (CGM) in 1855, soon renamed Compagnie Générale Transatlantique in 1861. Both companies were created partly with the backing of the French State, through the award of mail contracts to various destinations, French colonies and overseas territories as well as foreign countries. After the two World Wars, the two companies became "State owned corporations of the competitive sector" ("Entreprise publique du secteur concurrentiel "), i.e. companies that, while owned by the State, were run as private for-profit businesses operating in competitive markets. The French government, under President Valéry Giscard d'Estaing and Prime Minister Jacques Chirac, progressively merged the two companies between 1974 and 1977 to form Compagnie Générale Maritime, which was still owned by the French State and still run as a competitive business, although sometimes subject to political pressure, for instance on the selection of shipyards to build new ships.
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Wikipedia