By giving customers a chance to designate shipments for delivery on ships generating fewer emissions than those powered by bunker fuel, CMA CGM is able to capitalize on its unique assets: LNG-powered ships. Paris - Total and CMA CGM have signed an agreement covering the supply of around 300,000 tons of liquefied natural gas (LNG) a year for 10 years starting in 2020.This unprecedented volume in the history of LNG bunker will fuel CMA CGM's nine newbuild container … CMA CGM S.A.: Covenant Quality Post-Sale Snapshot: €650m 6.500% Senior Notes due 2022. The award of major fuel contracts by CMA CGM has put Total into the vanguard of LNG bunker supply. Benoit NENERT Alliances & Partnerships Manager at Worldline Global Lyon et périphérie. With reference to our previous advisory dated 28 August 2020, please be advised that Very Low Sulphur Fuel Oil (VLSFO) will replace the current High Sulphur Fuel Oil (HSFO) as the price reference for the quarterly Bunker Adjustment Factor (BAF) for long-te All other readers will be directed to the abstract and would need to subscribe. The fuel will be for CMA CGM's future 15,000-TEU container ships that will operate between Asia and the Mediterranean, and that are scheduled for delivery starting in 2021. Due to the significant increase in bunker prices since the beginning of the year and to keep ensuring the highest quality of service to its customers, CMA CGM Group will recover bunker costs through its bunker related surcharges* which will be applied to all cargo on all Worldwide trades with the following implementation dates and amounts: This comes after the shipping line invested in a series of LNG-fuelled ultra-large boxships . Last week, the company’s first 23,000 TEU LNG-fuelled containership Jacques Saadé was fuelled with 17,300 cubic metres (cbm) of LNG by Total’s new bunker vessel Gas Agility , marking the world’s largest LNG bunker operation to date. The biofuel has been developed by GoodFuels. MOL, Total Pen Deal on LNG Bunker Vessel for CMA CGM’s Giants. The first in a series of nine new 23,000-TEU vessels which will join the CMA CGM Group fleet from 2020 and will be flagged under the International French Registry (RIF), the CMA CGM JACQUES SAADE will … CMA CGM Jacques Saade; Image by CMA CGM. CMA CGM Jacques Saade and its eight sister ships feature membrane bunker tanks supplied by a pioneer in membrane-type cargo tanks, Gaztransport & Technigaz (GTT). The CMA CGM JACQUES SAADE, with a capacity for 23.112 TEU and 400 meters length, belongs to the iconic French Asia Line service (FAL 1) of CMA CGM for … The CMA CGM TENERE took on its first LNG bunkers at Rotterdam last week, according to a statement on the French liner's website. LNG is delivered by Total with the world’s largest LNG bunker vessel, the Gas Agility. Ivica Bradic. Business & Finance February 6, 2018 Mitsui O.S.K. By 2022, the CMA CGM Group will have 26 LNG-powered vessels with a total capacity of 380,000 TEUs. Cancel. French container shipping major CMA CGM posted strong business results in the third quarter of 2020 amid a recovery in demand for transportation of goods which was hit considerably by the COVID-19 pandemic in the first half of the year. Ivica Bradic Procurement manager - marine terminals in ME, Africa & IO at CMA CGM France. The fuel comprises 80% of low sulphur fuel oil and 20% of a biofuel made of used cooking oil. CMA CGM has boosted the capacity assigned to lines between Asia and Europe by 6% for the fourth quarter of 2020 compared to the same period of 2019. Here, Total's Vice President of Marine Fuels and TMFGS MD Jérôme Leprince-Ringuet tells Lesley Bankes-Hughes why he believes LNG will have longevity as … They will join CMA CGM’s flagship, CMA CGM Jacques Saade, the world’s largest LNG-fuelled containership, which is also expected to complete its first bunkering in Rotterdam on 12 November. CMA CGM today said its Q1 bunker bill rose 11% following the January 1, 2020 introduction of the IMO 2020 rule.. CMA CGM, which is the world's fourth-largest container shipping company and operates about 500 ships in total, aims to become carbon neutral by 2050. CMA CGM, the world’s fourth-largest container shipping line, said its EBITDA margin rose to 21.0% in the third quarter from 17.2% in the previous quarter and 13.3% in the year-earlier period. CMA CGM has already trialled biofuel on two of its ships. Related News 17 Dec 2020 Lines (MOL) and Total Marine Fuels Global Solutions (TMFGS) have signed a long-term charter contract for a large LNG bunker vessel of 18,600 cbm. Demand for LNG as a bunker fuel in Northwest Europe is set to surge in the final two months of 2020 with the arrival of two gas-fuelled boxships run by France's CMA CGM.. The French liner major ordered nine 23,000 TEU ULCVs powered by LNG as part of its 2050 objective of attaining carbon neutrality. Moody's Investors Service 13 Jul 2017 Announcement Moody's: EMEA companies' search for revenue and margin growth will drive M&A into 2018. Please Note: Only individuals with an active subscription will be able to access the full article. Bunker Purchaser chez CMA CGM Marseille. The CMA CGM JACQUES SAADE, a ship of exceptional size! Send. Rotterdam, November 16, 2020 – The CMA CGM Jacques Saadé, the world’s largest containership powered by Liquefied Natural Gas (LNG) has completed her first LNG bunkering with Total’s LNG bunker vessel, the Gas Agility, on November 13 th 2020 at the Port of Rotterdam in the Netherlands. The remaining five 15,000 TEU units are expected to be handed over to their owner by late 2022. GTT vice president for LNG as Fuel Directorate Julien Bec explains that CMA CGM decided they would bunker only once every round trip – Europe-Asia, 25,000 nautical miles. CMA CGM strengthens its presence in the Europe-Mediterranean-Middle East and India Subcontinent trades with improved EPIC, EPIC2 MEDEX and MEGEM services in International Shipping News 17/12/2020 The box shipping giant's total spend on bunkers and other consumables for the three-month period was a reported $975.3 million, compared to $875.3 million for the period in 2019.. CMA CGM has prepared the largest Sustainability Report (it still calls it CSR Report) among all the liners. CMA CGM intends to have 26 LNG-fuelled containerships in its fleet by 2022, and seven of these are already in service. The agreement will see the supply of approximately 270,000 tonnes per year of LNG as fuel over 10 years at Marseille-Fos.. Subject: CMA CGM extends emergency bunker surcharges Add a personalized message to your email. About 13% of the quantity delivered was biomethane, the company said in a statement on its website Monday.. CMA CGM offers shippers immediate path to cut emissions Mark Szakonyi, Executive Editor | Nov 17, 2020 5:03PM EST. The company is on track with the International Maritime Organization requirement to reduce its carbon emissions per transport work by at least 40% from 2008's levels by 2030, and will aim to be carbon neutral by 2050, it said in a statement on its website. CMA CGM has carried out the first LNG bunkering of the CMA CGM Tenere, the first of six 15,000-TEU, liquefied natural gas (LNG)-powered container ships chartered by the CMA CGM Group. Box shipping giant CMA CGM has signed a second major LNG bunker supply deal with Total.. Benoit NENERT. Capt. CMA CGM has announced the first liquefied natural gas (LNG) bunkering of its 15,000TEU vessel, CMA CGM Tenere, in the port of Rotterdam. The latest trial followed the first refueling of a containership with biofuel when the CMA CGM White Shark took on the bunker during a call at Rotterdam port in March 2019. French container line CMA CGM aims for alternative bunker fuels to make up 10% of its energy supply by 2023, the company said Wednesday.. Like its sister ships, CMA CGM Champs Elysees will bunker LNG from the MOL-owned and Total-chartered Gas Agility that arrived in Rotterdam in August this year. It is a second generation biofuel, derived from forest residues and waste cooking oil that has undergone three years of extensive engine testing with marine engine manufacturers. The CMA CGM Group is firmly committed to the energy transition in maritime transport and is rolling out a plan aimed at providing the Group with a fleet of 26 LNG-powered ships by 2022. The first bunkering of one of CMA CGM's new giant gas-powered boxships at Rotterdam was of a biofuel blend, according to energy producer Total.. The French supplier bunkered the CMA CGM Jacques Saadé with 17,300 m3 of LNG at Rotterdam last week. ... 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