French shipping line CMA CGM is set to acquire Finnish company Container Finance’s container shipping and logistics business, Containerships.
This follows the signing of an agreement this week.
According to a statement from the shipping line, acquisition of this business would strengthen and complement CMA CGM’s intra-European offer as the Finnish company has a strong presence in the Baltic market, Russia, Northern Europe, North Africa and Turkey.
“The acquisition of Containerships will further strengthen the development strategy implemented by Rodolphe Saadé, CMA CGM Group’s chairman and CEO, aimed at intensifying the group’s regional network,” the statement read.
