French liner shipping major CMA CGM Group on Wednesday completed the acquisition of Finland-based container-transportation and logistics company, Containerships.
Founded in 1966, Containerships specializes in Intra-European containerized trade with 690 employees
The European Commission approved the acquisition on October 22.
The combination results in Container Finance’s entire container logistics operations including Containerships, Multi-link Terminals and CD Holding integrating to CMA CGM’s intra-regional market offering in Europe and Mediterranean area.
With Containerships, CMA CGM adds four 1,400 TEU vessels powered by liquefied natural gas to its fleet.
These vessels will be followed, from 2020 onwards, by the entry into service of the nine 22,000 TEU and two 1,400 TEU containerships ordered by the CMA CGM Group.