CMA CGM acquires Mercosul from Maersk Line
Rodolphe Saadé, Chief Executive Officer of CMA CGM, called the acquisition of Mercosul a milestone in CMA CGM’s development strategy in South America. “It is a well-managed company and we will leverage this platform to expand our footprint and service offerings to and from Latin America, seizing opportunities linked to the high growth prospects in this region,” he said. “As a result, CMA CGM will be able to propose complete door-to-door services continue providing best-in-class services to its customers.”
This transaction follows CMA CGM’s acquisition of Singaporean shipping company Neptune Orient Lines (NOL) last year.
Launched in 1996 and acquired by Maersk in 2006, Mercosul Line specializes in the Brazilian internal transport market. Its fleet of 4 ships operates in Brazil and South America. Mercosul employs 92 land based staff and 160 seafarers. In 2016 the company reported revenues of USD 128 mln.
This shipping company has been caught many times shipping arms from NK, Iran and others. Why are they still operating?
60-80% of the entire east coast is theirs all the way down the South America.
This ones deep.