News

CMA CGM buys SOFRANA Unilines via ANL

CMA CGM has reached an agreement to purchase through its subsidiary, ANL, the majority of the shares in SOFRANA Unilines, a key player in the Pacific Islands regional maritime trade.
SOFRANA Unilines operates directly or in partnership a fleet of 10 vessels on eight trade-lanes, servicing 21 ports in Australia, New Zealand, Papua New Guinea and the Pacific islands.
With operations in the South Pacific region for almost 50 years, SOFRANA will provide enhanced port coverage to ANL and CMA CGM in this area.
ANL, owned by CMA CGM, already offers 16 trade lanes servicing major ports throughout Australia, New Zealand, Papua New Guinea, North Asia, South East Asia, Indian Subcontinent and North America.
The newly combined group, SOFRANA ANL, will join CMA CGM’s regional subsidiaries, OPDR and MacAndrews in Europe, and CNC in Asia. In addition, CMA CGM announced in June its project to acquire Mercosul Line to build up its operations in Brazil.
The acquisition of SOFRANA Unilines is expected to be completed by the end of October.

©2019 All Rights Reserved. MHD Magazine is a registered trademark of Prime Creative Media.