News Content
Panama Canal inauguration has a special role for CMA CGM vessels
FRENCH shipping giant CMA CGM is making Kingston, Jamaica, its Caribbean hub with this week's opening of the widened Panama Canal.
"A widened canal will bring new opportunities for world trade," said CMA CGM project development director Luc Portier.
"CMA CGM has foreseen these changes and made Kingston a strategic base. Modernisation works will allow the group to operate all larger vessels sailing in the area, and make Jamaica a transshipment hub for the whole sub region," he said.
The Panama Canal decreases by 11,000 kilometres the distance between Shanghai and New York on the Manhattan Bridge CMA CGM Service, compared to a route via Cape Horn, said the company statement.
The Panama Canal decreases by 8,700 kilometres the distance between Malta and Guayaquil on the MGE CMA CGM Service, compared to a route via Cape Horn, it said.
This 77 kilometre long canal is now a strategic route for global trade: five per cent of all traffic passes through the canal (eight per cent for the Suez Canal), representing 200 million tons of goods a year aboard more than 15,000 vessels.
"Nowadays, the Panama Canal is a strategic route for CMA CGM. In 2015, the group was the canal's second client for containerised transport. Today eight of the group's services sail through the canal representing one vessel a day.
"A widened canal will bring new opportunities for world trade," said CMA CGM project development director Luc Portier.
"CMA CGM has foreseen these changes and made Kingston a strategic base. Modernisation works will allow the group to operate all larger vessels sailing in the area, and make Jamaica a transshipment hub for the whole sub region," he said.
The Panama Canal decreases by 11,000 kilometres the distance between Shanghai and New York on the Manhattan Bridge CMA CGM Service, compared to a route via Cape Horn, said the company statement.
The Panama Canal decreases by 8,700 kilometres the distance between Malta and Guayaquil on the MGE CMA CGM Service, compared to a route via Cape Horn, it said.
This 77 kilometre long canal is now a strategic route for global trade: five per cent of all traffic passes through the canal (eight per cent for the Suez Canal), representing 200 million tons of goods a year aboard more than 15,000 vessels.
"Nowadays, the Panama Canal is a strategic route for CMA CGM. In 2015, the group was the canal's second client for containerised transport. Today eight of the group's services sail through the canal representing one vessel a day.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
