Shipping consolidation continues apace with CMA CGM announcing it is to acquire European shortsea specialist Containerships.
The announcement follows the signing of an agreement between CMA and Containerships’ parent company, Container Finance.
Containerships boasts strong market presence in the Baltic markets, North Africa, Northern Europe, Russia, and Turkey.
It also owns stakes in box terminals in Finland and Russia through its Multi-Link Terminals subsidiary
Between August and January, the Finland headquartered carrier is expected to …
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Source: The Loadstar