CMA CGM Group invests €25m in Brittany Ferries to increase cargo space

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At the Assises de l’économie de la mer event, the largest annual meeting of participants in France’s sea economy, Brittany Ferries, the largest ferry company operating under the French flag, and the CMA CGM Group, a world leader in shipping and logistics, announced that CMA CGM has agreed to make a €25 million investment in Brittany Ferries, including €10 million in quasi-equity. Through this agreement, CMA CGM is seeking to support Brittany Ferries’ post-Covid-19 recovery.

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

Synergies in freight shipments across the Channel and to the Iberian Peninsula

The agreement establishes a commercial partnership between the CMA CGM Group and Brittany Ferries through the use of available cargo space on board Brittany Ferries’ services to the United Kingdom, Ireland and the Iberian Peninsula. The transportation of goods aboard Brittany Ferries’ roll-on roll-off (roro) ships will help expand the CMA CGM Group’s offering in the roro sector for the Atlantic and northern coast of France to destinations in the United Kingdom.

The partnership with CMA CGM will also pave the way for Brittany Ferries to gain more expertise in freight and logistics. It will help 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 be able to introduce new roro services.

Development of LNG excellence in France.

CMA CGM and Brittany Ferries, both of which are committed to developing liquefied natural gas (LNG) to power their ships, will be looking at ways of sharing their LNG knowledge and resources in areas such as training for French crews 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 Ro-pax vessels, to be named Salamanca and Santoña, will operate services between the United Kingdom and Spain. In addition, Brittany Ferries is about to introduce a new rail freight service to expand its multimodal offering. By year-end 2022 the company will offer its customers an unaccompanied trailer transport service on the Atlantic coast rail network between Bayonne and Cherbourg.

About Brittany Ferries

Brittany Ferries was launched in 1972, starting operations as a freight-only business on 2nd January the following year. Since first links were forged, connecting Brittany with the South West of England, the company has progressively launched and strengthened its shipping routes.

These are now relied upon by millions of passengers every year as well as by companies transporting goods across the so-called Atlantic Arc. In addition to cutting congestion on busy roads, these motorways-of the sea have also helped enrich local communities, create jobs and develop economic growth while nurturing international tourism.

Key figures (2020)

Revenue: €202.4 million (€469 million in 2019)
– Fleet renewal: Four new vessels on the horizon, two powered by LNG entering service in 2022 and 2023; two LNG-hybrid powered ships arriving in the years that follow
– Employment: 2,474 employees, including 1,600 seafarers (full-time equivalent)
– Passengers: 752,102 in 2020 (2,498,354 in 2019)
– Freight: 160,377 in 2020 (201,554 in 2019)
– 12 vessels connecting France, the United Kingdom, Spain and Ireland, via 14 maritime routes
– 12 ports: Roscoff, Saint-Malo, Cherbourg, Caen, Le Havre, Plymouth, Portsmouth, Poole, Cork, Rosslare, Santander, Bilbao.
– Tourist impact: 231,000 unique visitors to France, generating 2.6 million overnight stays in 2020 (857,000 in 2019 with 8.7 million overnight stays in 2019)

About CMA CGM

The CMA CGM Group, a world leader in shipping and logistics headed up by Rodolphe Saadé, serves over 420 ports on 5 continents around the world.

The Group’s fleet of 542 ships carried close to 21 million TEU (Twenty-foot Equivalent Unit) containers in 2020. With its CEVA Logistics subsidiary, a world-class logistics provider carrying 400,000 tons of air freight and 2.8 million tons of overland freight every year, and CMA CGM Air Cargo, the CMA CGM Group is constantly innovating to offer its customers end-to-end services delivering performance gains through ground-breaking shipping, overland, air freight and logistics solutions.

The CMA CGM Group is committed to leading the energy transition in shipping and has pioneered the use of alternative fuels. In addition, it has set itself the goal of being carbon-neutral by 2050. This program of continuous improvement has yielded concrete results and reduced the Group’s total CO2 emissions by 4% in 2020.

Via the CMA CGM Foundation, the Group reaches out to thousands of children every year with initiatives championing education for all and equal opportunities. The CMA CGM Foundation also responds to humanitarian crises with emergency relief by harnessing the Group’s shipping and logistics expertise to carry humanitarian supplies to wherever they are needed around the world.

With a network of over 400 offices and 750 warehouses in 160 countries, the Group employs more than 110,000 staff members worldwide, 2,400 of whom are based in Marseille where it has its registered office.

cmacgm-group.com

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