CMA CGM Group acquires Finnish shipping company

CMA CGM has signed an agreement to acquire Containerships, a Finnish shipping company, from Container Finance.

Containerships is an Intra-European short sea specialist with a strong presence in the Baltic market, Russia, Northern Europe, North Africa and Turkey. It will complement McAndrews, CMA CGM’s affiliate service in the region.

Containerships will take delivery of four LNG-fuelled vessels between August 2018 and January 2019.

The transaction remains subject to approval by the relevant authorities.

Baird Maritime

Baird Maritime is one of the world's premier maritime publishing houses with headquarters in Melbourne, Australia and a publishing subsidiary in Hong Kong. The group produces two monthly magazines, Ausmarine and Work Boat World and a number of annual publications all focusing on various aspects of the commercial, government and military marine industries. It also presents this maritime portal.