The company said the move is in line with its growth strategy and that it made the decision because the Asia-U.S. trade is currently more “dynamic” (i.e. profitable) than the Asia-Europe trade. CMA CGM says its volumes to the U.S. grew 30 percent in 2015 alone.
Jacques Saade, the chief executive officer of the French carrier, made the decision after the CMA CGM Benjamin Franklin was inaugurated in the Port of Long Beach last month. The ship then called the Port of Oakland and Port of Seattle, departing Seattle just this Tuesday. On an earlier visit to the U.S. in December, the ship called both Los Angeles and Oakland.
The company said when the Benjamin Franklin was docked in Long Beach last month, it was only able to be partially loaded because cranes were not high enough for the ship to be fully loaded.
CMA CGM said the ship would be deployed on its Pearl River Express service, currently considered part of the Ocean3 Alliance service network, but did not confirm what ports or terminals the ships will call beginning in May.
According to ocean carrier scheudle and capacity database BlueWater Reporting, the Pearl River Express is presently operated with seven CMA CGM vessels, including the Benjamin Franklin, with an average capacity of 12,395 TEUs. The service has a port rotation of Fuqing, Xiamen, Nansha, Hong Kong, Yantian/Shenzhen, Long Beach, Oakland, and Fuqing.
Ocean3 Alliance members UASC and CSCL currently take slots on the Pearl River Express along with CMA CGM subsidiaries ANL and US Lines, as well as Hamburg Sud and subsidiary line Alianca.
The six 18,000-TEU vessels slated to join the loop are all named after explorers or scientists and in addition to the Benjamin Franklin include the CMA CGM Bougainville, CMA CGM Kerguelen, CMA CGM Georg Forster, CMA CGM Vasco de Gama, and CMA CGM Zheng He.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now