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By air and by sea, CMA CGM expands freight business

The Edge Singapore
The Edge Singapore  • 5 min read
By air and by sea, CMA CGM expands freight business
CMA CGM, which acquired NOL in 2016, declared US$350 million dividends in 1H2021, and diversified into air freight
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Although privately held, shipping and logistics operator CMA CGM Group has been making waves. In the latest James Bond franchise, No Time to Die, a light aircraft flies daringly below some CMA CGM cranes in Kingston Container Terminal in Jamaica, operated by the French group.

Originally a container freight forwarding operator that acquired Neptune Orient Lines (NOL) in 2016, CMA CGM announced, on Sept 29, the purchase of two new Boeing 777 Freighters to grow the group’s air freight division operations.

CMA CGM launched its air freight division, CMA CGM Air Cargo, in February 2021, commencing commercial operations in March with its first flight between Liege (Belgium) and Chicago, followed by flights to New York, Atlanta and Dubai. The first four freighters are 60-tonne-payload Airbus A330-200F freighter aircraft.

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