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PARIS, April 18 (Reuters) - French shipping group CMA CGM (CMACG.UL) is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday. For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid to offer end-to-end transportation services and supply chain management. Bollore said in a statement that it had agreed to enter into exclusive talks with CMA CGM until May 8. CMA CGM, privately controlled by the founding Saade family, has seen its earnings surge in the past two years on high freight rates and saturated supply chains. Bollore, run by the family of billionaire Vincent Bollore, sold its Bollore Africa Logistics business last year to shipping company MSC Group for 5.7 billion euros.

A sailor was rescued by the Colombia’s navy after what he said was a 24-day ordeal in which he only had a bottle of ketchup and some seasoning to eat. Elvis Francois, 47, a national of Dominica, said in a video released by the navy that he spent 24 days with no sight of land before his rescue in the Caribbean Sea. Colombian Navy press office via APHe had written “help” on the hull of the boat, which was spotted by air, the navy said. In video released by the Navy and distributed by news services The Associated Press and Reuters, Francois tells medical staff he is doing OK.“Twenty-four days, no land. Francois said in the video he tried to go back to port, but couldn't, and he tried to call friends but lost service.

☆ Orange finance head Fernandez to join transport group CMA CGM
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

PARIS, Dec 20 (Reuters) - French telecoms group Orange's (ORAN.PA) deputy chief executive and head of finance, Ramon Fernandez, is leaving the company to join shipping and transport company CMA CGM as finance director. Fernandez will Orange at the end of the first quarter of 2023, the company said on Tuesday, adding that a successor will be named soon. French transport group CMA CGM said in a separate statement that Fernandez would start his new role at the start of the second quarter next year. "I would like to thank Ramon for his unfailing commitment to the group," Orange CEO Christel Heydemann said in statement. "We will continue to work together and in confidence over the coming weeks to finalise our next strategic plan."

French container line CMA CGM sees the ownership of cargo terminals at U.S. ports as the next step in its bid to extend its shipping business into greater inland logistics. “Port terminals are an essential piece of the supply-chain efficiency, being at the crossroads of sea and land operations,” said Christine Cabau Woehrel, CMA CGM Group’s executive vice president of operations and assets. CMA CGM earned $17.9 billion in net profits in 2021 and its earnings in the first three quarters of this year reached more than $20.4 billion. The purchases come as CMA CGM is spending billions to buy logistics operations and more recently launch an airfreight service. China’s Cosco Shipping Ports has expanded its terminal operations around the world in concert with expansion by state-owned Cosco Shipping Lines.

☆ France's CMA CGM to buy New York, New Jersey terminals from Canada's GCT
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

Dec 6 (Reuters) - CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade. According to Bloomberg, which first reported the news, the deal could fetch around $3 billion. In a statement, CMA CGM said acquired ports in Staten Island, New York, and Bayonne, New Jersey, have a combined capacity of 2 million twenty-foot-equivalent units per year, and has a potential for further expansion, up to almost double capacity. Like its shipping rivals, CMA CGM has extended its presence along the logistics chain in port infrastructure and non-maritime transport services. Reporting by Kanjyik Ghosh and Akriti Sharma in Bengaluru; Editing by Christian Schmollinger and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ VCs are abandoning supply chain tech — except for startups that can cut out the human
▼ + stars: | 2022-12-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Venture capital funding of supply chain startups was down 56% year-over-year in the third quarter. Venture funding for supply chain startups in the third quarter fell to $3.3 billion — down 56% year over year and 37% compared to the second quarter, according to Pitchbook. Before the pandemic, supply chain tech startup funding grew by a few billion every year for most of the last decade. Nearly half of the cash invested in supply chain startups went to last-mile companies. A temporary reckoningVenture investment in other types of supply chain startups — like technology for trucking and broader supply chain management — traditionally doesn't reach the heights of delivery startups.

☆ Manufacturing orders from China down 40% in unrelenting demand collapse
▼ + stars: | 2022-12-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

U.S. manufacturing orders in China are down 40 percent, according to the latest CNBC Supply Chain Heat Map data. HLS expects most carriers to extend their West Coast rates until December 14, holding at $1,300-$1,400 per forty-foot equivalent containers (FEU). The 2M Alliance of Maersk and MSC has suspended almost half of its U.S. West Coast services for December. is also impacting Vietnam, which has been booming as a manufacturing hub as more trade moved away from China. Canceled ocean sailings bound for Vietnam are up 50% for December.

☆ France's CMA CGM sees profits ebbing as shipping boom fades
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of CMA-CGM shipping company is pictured on a container in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. French-based CMA CGM, one of the world's largest container lines, reported on Friday a net profit of $7.0 billion for the third quarter, up from $5.6 billion in the year-earlier period. CMA CGM, based in Marseille and privately controlled by the founding Saade family, said its energy costs had increased by $822 million year-on-year in the third quarter. Its soaring profits over the past year drew calls from the French government for CMA CGM to help cushion inflation pressures. CMA CGM responded with shipping discounts for cargoes to France.

☆ Air France raises 300 million euros with convertible bond issue
▼ + stars: | 2022-11-16 | by ( Silvia Aloisi | ) www.reuters.com time to read: +2 min

PARIS, Nov 16 (Reuters) - Air France-KLM on Wednesday raised just over 300 million euros ($312 million) by issuing subordinated bonds convertible into stock, seeking to strengthen its capital and pay back state aid but sending its shares plummeting. Air France said in February that it was considering options for raising of up to 4 billion euros of capital, including a rights issue and quasi-equity debt issues. The bonds, which can be exchanged into existing Air France shares as well as converted into new shares, were offered through a placement to qualified investors, the airline said. Major shareholder CMA CGM, a shipping company, participated in the issue pro rata to its 9% equity stake in the company, Air France said in a statement. "The company is not aware of any subscription intention from its other main shareholders," Air France said.

☆ Air France issues bonds convertible into shares for 300 mln euros
▼ + stars: | 2022-11-16 | by ( Silvia Aloisi | ) www.reuters.com time to read: +2 min

The shares plunged 13% in early trading as the issue dilutes current shareholders in Air France if the bonds are converted into new shares unless they buy into it. Air France said in February that it was considering options for a capital raising of up to 4 billion euros, including a rights issue and quasi equity debt issues. The bonds, which can also be exchanged with existing Air France shares, will be offered through a placement to qualified investors, the airline said. Air France-KLM received 10.4 billion euros in support in 2020 when the coronavirus pandemic hit, including through direct French and Dutch state loans. "The company is not aware of any subscription intention from its other main shareholders," Air France said.

☆ Supply-Chain Tech Provider Project44 Delays Potential Public Offering
▼ + stars: | 2022-11-03 | by ( Paul Page | ) www.wsj.com time to read: +4 min

Supply-chain technology provider project44 has postponed plans for a possible public stock offering amid the uncertainty in markets, and instead is turning to more venture-capital investment to expand its business tracking goods through global transportation networks. Funding for supply-chain technology startups has also tapered off this year, according to analytics firm PitchBook Data Inc., as venture-capital firms have reined in deal making. Mr. McCandless said project44 can continue to expand without going to public markets over the next couple of years based on its existing investment and cash flow. PREVIEWMr. McCandless said project44 was in position to file paperwork in June for a future public stock offering. A public offering, he said, would allow more venture-capital and private-equity investors to cash out in public markets while letting the company have continuing access to capital.

☆ China, 'factory of the world,' is losing more of its manufacturing and export dominance, latest data shows
▼ + stars: | 2022-10-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The container ship Emma Mærsk docked at the Dapukou container terminal of Ningbo-Zhoushan Port on August 21, 2022 in Zhoushan, Zhejiang Province. Teodoro said Vietnam's close proximity to China and cheap labor are reasons why Vietnam is considered a suitable alternative. Vietnam has taken the lion's share of the manufacturing trade away from China with an almost 360% increase in far-distance trade since 2014 — the year the country started to invest in its maritime and manufacturing sector. Malaysia and Bangladesh have taken apparel manufacturing away from China, according to MDS Transmodal, while Taiwan has seen a marginal uptick in metal manufacturing. Ningbo port hit by Covid policiesThe Port of Ningbo, the world's largest port and the third-largest container port, is the latest Chinese trade hub to see an impact from the government's "Zero Covid" policies.

A once-bustling logistics mergers-and-acquisitions market is quieting down as slipping freight demand and higher borrowing costs dampen deal making in the sector. Company valuations are moderating in a softening freight market and rising borrowing costs are making deals tougher to complete. The market for freight and logistics companies surged during the pandemic as retailers sought to rush goods to consumers, fueling strong growth in shipping demand, higher freight rates and record profits for companies ranging from regional truck operators to international freight forwarders. Foreign-based ocean carriers and freight forwarders have also shown great interest in the U.S. logistics market as they seek to expand their end-to-end supply-chain services. But logistics companies looking to expand their reach and private-equity firms looking to expand existing logistics portfolios are still hunting deals.

BERLIN/FRANKFURT, Sept 22 (Reuters) - Initial offers for RTL's 48% stake in French TV channel M6 are expected by Friday after a failed tie-up with France's TF1 broadcaster, a person familiar with the matter said. RTL has been "inundated" with expressions of interest in the M6 stake since TF1 and M6 called off their planned merger last week, its boss Thomas Rabe told the Financial Times on Thursday. Other potential buyers include French media group Vivendi (VIV.PA) and Altice, owned by billionaire Patrick Drahi, alongside Italian media conglomerate MediaForEurope (MFE), Reuters reported on Monday. If RTL wants to sell M6, a deal must be completed by spring 2023, because M6's broadcasting license comes up for renewal in May. In March 2021, when Bertelsmann confirmed talks to sell its stake, French media reported the RTL's stake was worth 1.5 billion euros ($1.48 billion), valuing all of M6 at around 3 billion euros.

☆ Ingram Micro confidentially files for U.S. IPO even as markets remain dull
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

Sept 19 (Reuters) - Electronics distributor Ingram Micro said on Monday it had confidentially filed for a U.S. initial public offering, looking past the tough market conditions due to rate hikes and inflation that have blunted demand for new listings this year. The California-based company was valued at about $7.2 billion last year when private equity firm Platinum Equity bought it. Ingram recently sold its commerce and lifecycle services business to French shipping company CMA CGM Group for $3 billion. Companies looking to go public often file confidentially to keep their financial details under wraps for longer. Register now for FREE unlimited access to Reuters.com RegisterReporting by Niket Nishant in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Meet 16 top reverse-logistics leaders tackling retail's $761 billion e-commerce returns problem
▼ + stars: | 2022-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +19 min

Becca Meinz, the vice president of end-to-end supply chain at Best BuyBecca Meinz is the vice president of the end-to-end supply chain for Best Buy. Steve Lewis, the senior vice president of commercial strategy at GXOSteve Lewis is the senior vice president for commercial strategy at GXO. Kraig Foreman, the president of e-commerce at DHL Supply Chain North AmericaKraig Foreman is the president of e-commerce at DHL Supply Chain North America. Eduardo Vilar, the senior vice president of merchant solutions at AffirmEduardo Vilar is the senior vice president of merchant solutions at Affirm. Glen Sutton, the executive vice president at Ceva LogisticsGlen Sutton is an the executive vice president at Ceva Logistics.

☆ Pandemia a dus prețurile la transportul maritim de marfă la un nivel record: „Rămânem fără nave şi containere goale”
▼ + stars: | 2021-07-05 | by ( ) www.jurnal.md time to read: +4 min

Sursa foto: ProfimediaPandemia a dus prețurile la transportul maritim de marfă la un nivel record: „Rămânem fără nave şi containere goale”Preţurile la containerele maritime au atins un nivel record la 18 luni după pandemia de coronavirus, care a perturbat lanţurile logistice în domeniul transportului maritim şi a dus cererea la un nivel record. „Practic rămânem fără nave şi containere goale”, a declarat Alan Murphy, preşedintele firmei de consultanţă Sea Intelligence. Costul unei călătorii spre Europa a depăşit 10.000 de dolari, comparativ cu doar 1.600 de dolari în aceiaşi perioadă a anului trecut. Pandemia de COVID-19, care iniţial a paralizat practic transportul maritim mondial, a provocat "o scădere fără precedent a cererii" în industria de shipping", susţine Didier Rabattu, de la Lombard Odier Investment Managers. Preţul transportului cu containere maritime depinde de nivelul cererii, dar şi de capacitatea existentă la nivelul ofertei pentru a îndeplini cererea.

Persons: Alan Murphy, Murphy, Didier, Paul Tourret, Maersk, Jean, Marc Lacave Organizations: franceză Locations: Asia, China, SUA, Europa, Lombard Odier, Suez, preţurilor, Franţa

☆ Franţa va trimite Statelor Unite o a doua statuie a Libertăţii
▼ + stars: | 2021-06-03 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: APFranţa va trimite Statelor Unite o a doua statuie a LibertăţiiLa 135 de ani de la inaugurarea primei Statui a Libertăţii, o nouă Miss Liberty va sosi pe 4 iulie la New York, în SUA pentru sărbătoarea naţională, conform Le Journal du dimanche. A doua Miss Liberty va fi instalată în grădina ambasadorului francez şi va rămâne zece ani în Statele Unite, precizează Le Point. Franţa a decis să ofere a doua Statuie a Libertăţii "pentru a aduce omagiu tuturor celor care au permis, de cele două părţi ale Atlanticului, au făcut posibilă edificarea statuii şi care s-au luptat pentru ceea ce simbolizează ea în lumea întreagă". Această a doua statuie va rămâne zece ani în SUA, perioada de împrumut consimţită de Conservatorul din Quai d'Orsay, apoi va reveni în Franţa. Prima Statuie a Libertăţii de aproape 93 de metri înălţime a fost concepută de Eugène Viollet-le-Duc, proiectată de Gustave Eiffel şi sculptată de Auguste Bartholdi.

Persons: Olivier Faron, Philippe Étienne, Ellis Island, Donald Trump, Eugène Viollet, Gustave Eiffel, Auguste Bartholdi . Ea Organizations: Statelor Unite, Miss Liberty, americană, Franţa, Statul, Liberty, Prima Locations: Statelor, New York, SUA, Franţa, Havre, Statele Unite, Atlanticului, Washington, -, Statelor Unite

Astfel, Franța a decis să ofere o a doua Statuie a Libertății „pentru a aduce un omagiu tuturor celor care, de ambele părți ale Atlanticului, au făcut posibilă construirea Statuii Libertății și care au luptat pentru ceea ce simbolizează ea în întreaga lume”. Această a doua statuie va rămâne în Statele Unite timp de zece ani, perioadă a împrumutului acordat de Conservatorul din Quai d'Orsay, apoi va reveni în Franța. Această a doua Lady Liberty este una dintre replicile pariziene ale faimoasei Statui a Libertății. Prima Statuie a Libertății, de aproape 93 de metri înălțime, a fost concepută de Eugène Viollet-le-Duc, proiectată de Gustave Eiffel și sculptată de Auguste Bartholdi. A fost oferită pentru a sărbători centenarul declarației de independență a Statelor Unite, deși nu a fost inaugurată decât zece ani mai târziu, în 1886.

Persons: Olivier Faron, Philippe Étienne ., Ellis Island, Philippe Étienne, Donald Trump, Eugène Viollet, Gustave, Auguste Bartholdi Organizations: Arte, americană, Miss Liberty, Statul, Liberty, Gustave Eiffel Locations: Franța, Atlanticului, Washington, Statele Unite, Libertății, -, Statelor Unite

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