CMA CGM buys into Brittany Ferries

2021-09-26T18:02:10+00:00 September 26th, 2021|Finance|

CMA CGM is to invest €25 mill in Brittany Ferries, which includes €10 mill in quasi-equity.

Brittany Ferries is the largest ferry company operating under the French flag, while CMA CGM is a major player in shipping and logistics.

Through this agreement, CMA CGM is supporting Brittany Ferries’ post-Covid-19 recovery, the ferry company said.

This partnership will help to unlock synergies between the two companies in passenger and freight transport. By harnessing the respective areas of expertise of the CMA CGM Group and Brittany Ferries, it will also help promote the development of cross-Channel shipping and underpin France’s position in the sector.

Under the terms of the agreement, a CMA CGM Group representative will join Brittany Ferries’ Supervisory Board.

It establishes a commercial partnership between the CMA CGM Group and Brittany Ferries through the use of available cargo space on board ferry services to the UK, Ireland, Spain and France on board the company’s ro-ros and ropaxes.

This will help expand the CMA CGM Group’s offering in the ro-ro sector for the Atlantic and northern coast of France to UK destinations.

It will also pave the way for Brittany Ferries to gain more expertise in freight and logistics, the companies said, helping the company to adapt more easily to the post-Covid-19 trends in goods transportation, including the transport of unaccompanied trailers, and to offer new transport services so it can better meet the needs of its customers.

Through this agreement, both groups will also be able to introduce new ro-ro services.

CMA CGM and Brittany Ferries, both of which are committed to developing LNG to power their ships, will also seek ways of sharing their LNG knowledge and resources in areas, such as French crew training and safety procedures.

Both companies have also undertaken to introduce more environmentally-friendly shipping and logistics solutions.

Two new LNG-powered ships are due to join Brittany Ferries’ fleet next year and in 2023. The new ropaxes, to be named ‘Salamanca’ and ‘Santoña’, will operate between the UK and Spain.

In addition, Brittany Ferries is about to introduce a new rail freight service to expand its multimodal offering.

By the end of 2022, the company will offer an unaccompanied trailer transport service on the Atlantic coast rail network between Bayonne and Cherbourg.