CMA CGM wraps up La Meridionale deal, plans to order LNG-powered duo

French shipping group CMA CGM has finalized its acquisition of compatriot ropax owner La Meridionale and plans to order two LNG-powered vessels to work between Corsica and Marseille.

CMA CGM said in a statement the acquisition of La Meridionale complements its new division dedicated to specialized shipping operations.

This division encompasses the new car carrier business, the stake in Brittany Ferries, as well as the investment in Neoline, a Nantes-based company developing the first sail-powered ro-ro vessel, and now La Meridionale.

La Meridionale currently has four ropax vessels, which operate up to 13 weekly crossings between Marseille, Porto Vecchio and Ajaccio, plus connections between Marseille and Morocco, CMA CGM said.

According to CMA CGM, the vision for La Meridionale is to provide one of the first “green corridors” in the Mediterranean.

To that end, the CMA CGM will invest in modernizing the shipping company’s fleet to improve energy efficiency and reduce its environmental impact.

CMA CGM said it intends to place an order for two new LNG-powered vessels and these ships will be able to run on methanol as well.

“They will also be able to carry out operations with zero CO2 emissions during port calls and are set to replace the oldest vessels on services between Corsica and Marseille, contributing to the preservation of the environment between the island and the mainland,” it said.

CMA CGM did not provide any additional information regarding the vessels or the potential yard where it could order these ships.

The French firm already operates a large fleet of LNG-powered containerships, including nine giant 23,000-teu LNG dual-fuel containerships.

In April, CMA CGM ordered four more ultra-large LNG-powered containerships and also methanol-fueled vessels at CSSC’s yards in China. The orders are worth more than $3.05 billion.

Most Popular

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

CMA CGM in talks with Indian yards for LNG-powered vessels

French shipping giant CMA CGM is in negotiations with Indian shipbuilders to build LNG-powered container vessels, according to India's Ministry of Ports, Shipping and Waterways.

EPS in 400th LNG bunkering operation

Singapore’s Eastern Pacific Shipping has completed its 400th ship-to-ship LNG bunkering operation, as the company’s fleet of LNG-fueled ships continues to expand.

Hudong-Zhonghua hands over another LNG-powered giant to CMA CGM

Chinese shipbuilder Hudong-Zhonghua has delivered CMA CGM’s second in a new series of 24,000-teu LNG dual-fuel containerships.

Hudong-Zhonghua delivers CMA CGM’s LNG-powered giant

Chinese shipbuilder Hudong-Zhonghua has delivered CMA CGM’s first in a new series of 23,000-teu LNG dual-fuel containerships.