French Container Line Buys US Lines

CMA CGM is based in Marseilles, operates a fleet of 350 vessels of which 110 are owned by the company. It serves 400 ports globally in 150 countries and carried 6 million TEUs (twenty-foot equivalent units) in 2006. US Lines shares its ships with ANL that specializes in the Australian-New Zealand market. In turn, ANL is a subsidiary of the CMA CGM Group.

US Lines is made up of five companies, with seven chartered vessels, mostly with 1,100 TEU capacities. It’s estimated that 2007 income will be $145 million. The US Lines historic name will be continued, as both companies will operate under their own brands, according to CMA CGM.

Since ANL is part of CMA CGM, the aim of the acquisition is to reinforce ANL’s offerings, according to the company. Those offerings include US Lines triangular freight movements to and from the US, Australia and New Zealand, as well as traffic between the Hong Kong-South China area and the US West Coast with calls at Los Angeles/Long Beach and Oakland. US Lines also offers service from New Zealand to Australia and from Australia and New Zealand to Hong Kong-South China.

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