CMA CGM TAKES OVER CEVA, SET TO RUN 3PL



CMA CGM is shortly to find out what it really means to run a 3PL.

According to a statement this morning, the French shipping line will soon own close to 100% of the forwarder, which would then de-list from the SIX Swiss stock exchange.

After CMA CGM’s tender offer closes on April 16, it could own some 89% of the shares, which will allow it to implement a “squeeze out”, and Ceva would de-list, probably in the third quarter.

Ceva’s board has recommended that remaining shareholders tender their shares. The statement said “it is expected that members of the company’s executive board will tender their shares into the offer, and that shares held by Ceva‘s board of directors will be unblocked”.

Ceva said its board was expected to propose that Rodolphe SaadĂ©, chairman and chief executive of CMA CGM, become chairman of Ceva at the company’s April 29 AGM. Existing chairman Rolf Watter will become vice chairman. CMA will retain three independent members of the board of directors of Ceva for the time being.

The only question remains then as to how the shipping line will manage its 3PL arm.

CMA CGM claims there will be no change in the way Ceva works with shipping lines, but the forwarder’s ocean freight forwarding arm is expected to expand, while the pair will enjoy economies of scale and cost reductions, with synergies from shared procurement and services.

Mr Saadé has made logistics a major part of his strategy and has pledged an end-to-end service for customers.

HAPAG LLOYD FRESH SURCHARGE TO NIGERIAN CONTAINERS

Shipping Firm Slams Fresh Surcharge On Nigerian Importers

A shipping company that operates in Nigeria, Hapag-Lloyd, has increased its freight rate with the review of its Peak Season Surcharge (PSS) on all container types originating from anywhere in the world to Tin Can Island, and Apapa ports in Lagos, Nigeria.

The German-based firm, which is also the fifth largest shipping company in the world, in a memo obtained by LEADERSHIP, a 20-foot and 40-foot containers from China, Taiwan, Hong Kong, and Macau would pay $700 PSS each.


It also said those from USA and U.S. territories would pay $700 each from March 15; and those coming from the rest of the world would pay €610 on the consignment.

The review it said is to enable it, "maintain a continued high level of service." Accordingly, the company excluded the consignment from the United States of America in the rate review.

The growing demand leads to lack of space on vessels and increasing costs for supplying sufficient equipment. Carriers can implement this surcharge any time and at any level until further notice.

In practice, PSS functions like the General Rate Increase (GRI). It is usually announced as an additional fee on top of the base rate, although it may be cancelled or mitigated at a lower rate.