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

Atlantic LNG shipping rates decrease this week

Atlantic spot LNG shipping rates dropped this week, while Pacific rates were flat compared to the week before, according to Spark Commodities.

Stabilis secures new approval for Galveston LNG project

Houston-based small-scale LNG player Stabilis Solutions has received a letter of recommendation (LOR) from the US Coast Guard for its planned Galveston liquefaction facility.

Russian LNG production up 10.7 percent in January-June

Russian liquefied natural gas (LNG) production rose 10.7 percent in the first six months of this year, according to the Russian statistics agency Rosstat.
spot_img

More News Like This

CMA CGM, Maersk eye more LNG-powered containership orders

France's CMA CGM and Denmark's Maersk are looking to order ultra-large LNG dual-fuel containerships at yards in China and South Korea, according to shipbuilding sources.

CMA CGM, CCEC order LNG bunkering vessel in China

Greece's Capital Clean Energy Carriers (CCEC) and France's CMA CGM have ordered one LNG bunkering vessel from Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering. Upon delivery in 2028, the vessel will serve a long-term charter deal with a joint venture of TotalEnergies and CMA CGM.

Yangzijiang delivers LNG-powered giant to CMA CGM

China’s Yangzijiang Shipbuilding has delivered the first of ten ultra-large LNG dual-fuel container vessels to French shipping giant CMA CGM.

CMA CGM, Capital ink LoI with CIMC SOE for LNG bunkering vessels

A joint venture of France's CMA CGM and Greece's Capital has signed a letter of intent with Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering for up to two LNG bunkering vessels which will go on charter to TotalEnergies, according to shipbuilding sources.