|
CMA CGM reaches an agreement to
acquire US Lines
Both ANL and US Lines will contnue under their own brands
however...
CMA CGM reaches an agreement to acquire US Lines
In a move to further expand its global market presence, CMA CGM Group
yesterday announced that it has reached an agreement to acquire US
Lines based in Santa Ana, California (USL). US Lines is the vessel
sharing partner of ANL, expert of the Australian-New Zealand market,
and subsidiary of CMA CGM Group.
The two carriers currently operate with eight ships in a weekly
tri-continental service. Both lines will continue to operate under
their own brands, with USL managed by its existing global management
team. This team, supported by a proven and dedicated group of
professionals, has succeeded in building USL into a market leader.
USL is composed of 5 companies realizing, on the whole, a 2007
estimated turnover of 145 M USD. The company uses chartered ships and
employs 113 workers.
The acquisition of US Lines is in line with the aim of reinforcing the
position of the ANL offer. The complementarity of US Lines with ANL
allows a more global solution on the triangular trade connecting the
US West Coast, Australia, New Zealand and Southern China.
US Lines main figures:
100,000 TEU per year
USD 145 M turnover
113 employees
7 chartered vessels (mainly 1,100 TEUs, one 1,350 TEUs)
23,600 TEUs lease container fleet
Offices in Los Angeles, Australia, New Zealand, Hong Kong
US Lines triangle service:
USA to/from Australia and New Zealand
Hong Kong/South China to US West Coast (Los Angeles and Oakland)
Trans-Tasman from New Zealand to Australia
Australia/New Zealand to Hong Kong/South China
|
