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CMA CGM Details Recovery Strategy in Interview with The Journal of Commerce

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http://www.prnewswire.com/news-releases/cma-cgm-details-recovery-strategy-in-interview-with-the-journal-of-commerce-85064037.html

NEWARK, N.J., Feb. 23 /PRNewswire/ -- CMA CGM is steering toward recovery and, in an exclusive interview with the global ocean carrier, The Journal of Commerce examines how the world's No. 3 container ship company is moving to shore up its finances while maintaining its aggressive growth strategy.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100223/NY59432 )

As it navigates through one of the most turbulent times in container shipping industry, CMA CGM is sticking by the model that helped make it the world's third-largest carrier. The carrier is undertaking an overhaul of its management and its financial structure in a business in which survival of several carriers has been in doubt and industry losses have piled up by the billions.

Rodolphe Saade, son of CMA CGM founder Jacques Saade and one of the carrier's new executive officers, tells The Journal of Commerce in its Feb. 22 edition about the behind-the-scenes work that went into securing critical financial support, and why it is now on the path to profitability in 2010, just a year after appearing to be on the brink of bankruptcy.
This week's Cover Story provides an in-depth case study of the trials and tribulations ocean carriers endured at the depths of the global recession and how one carrier navigated its way through the storm.

"CMA CGM is here to stay and to develop its business worldwide," Saade said. "Even though we cannot say that we have recovered from the losses we have incurred, it is definitely moving in the right direction."

To view daily news, visit www.joc.com. For all media enquires, including article reprints, please contact Editorial Director Paul Page.

Since 1827, The Journal of Commerce has been the most trusted source of intelligence for international logistics executives to help them plan global supply chains and better manage day-to-day transportation of goods and commodities in the United States and internationally.

To become a member of The Journal of Commerce click here. JOC members have access to our weekly print and digital magazine and Web site, as well as a 10% discount on all JOC Events and trade shows, UBM Global Trade Directories and select PIERS products. Authoritative editorial content in the form of daily news, weekly analysis and regular features ensure our members have the information and data necessary to understand the issues facing trucking, rail and maritime transportation. Members enjoy access to "By the Numbers," an exclusive weekly compilation of key industry statistics that provides detailed views of current market trends across all modes. Regular market intelligence reports -- utilizing PIERS trade data -- include Top 100 Imports and Exporters, quarterly Top 40 Container lines, Transpacific and Transatlantic Maritime Forecasts and Top Container Ports and Terminals. Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL, JOC Guide to Trucking and others, ensure all modes are comprehensively covered.

About UBM Global Trade - UBM Global Trade, formerly Commonwealth Business Media, Inc., has been the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial maritime, rail, trucking, warehousing and logistics industries worldwide since 1827. The company's portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, The Journal of Commerce Events, PIERS Global Intelligence Solutions and an array of international trade and transportation databases and directories. UBM Global Trade, a subsidiary of United Business Media Limited, is headquartered in East Windsor, NJ, with offices throughout the United States and in Canada and Hong Kong. For more information, explore www.ubmglobaltrade.com or call 800-221-5488 ([phone] outside the U.S. and Canada).

About United Business Media Limited - UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring, and the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries is organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to www.ubm.com.


SOURCE The Journal of Commerce

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