With Maersk down 9%, along with Matson, and ZIM down 12%, privately held CMA CGM is somewhat shielded from the Investor Relations frenzy the rest of the group is experiencing. See "US import demand is dropping off a cliff"
From gCaptain, June 7:
CMA CGM Takes Delivery of Two Boeing Cargo Planes
CMA CGM has taken delivery of two Boeing cargo planes as the shipping giant looks to expand its end-to-end services beyond ocean freight.
The two Boeing 777 aircraft were ordered in February 2021 with the launch of CMA CGM’s new air cargo division dedicated to air freight. With the addition of the two planes, CMA CGM AIR CARGO’s fleet now consists of 6 aircraft, as the company sets it sight on 12 Boeing and Airbus aircraft by 2026.
To help get to that number, CMA CGM AIR CARGO has now also revealed another order of two additional Boeing 777s with deliveries planned by 2024.
“The Boeing 777 Freighter will provide CMA CGM AIR CARGO the flexibility to deploy the aircraft across its growing air freight network in Europe, North America and Asia, as the Group pursues its commitment to offer its customers a complete range of transportation and logistics solutions,” CMA CGM said in a statement.
As the world’s largest and longest-range twin-engine freighters, the Boeing 777s can carry a maximum payload of 107 tons and have a range of 9,200 kilometers, which will allow CMA CGM AIR CARGO to grow its air freight service by offering more international destinations....
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That's in addition to May 23's "CMA CGM, Air France-KLM sign exclusive air cargo partnership"
Also at gCaptain:
An interesting development June 6 - CMA CGM Orders Its First Methanol-Powered Containerships
And June 3: - CMA CGM Profit Surges But Risks Cloud Outlook
