Lotte Global Logistics partners with CMA CGM

It will collaborate with the France-based world's third-largest shipping company on ocean freight and vessel space management

Lotte Global Logistics partners with CMA CGM
Jae-Kwang Ahn 1
2024-04-29 11:08:16 ahnjk@hankyung.com
Shipping & Shipbuilding

South Korea's Lotte Global Logistics announced on Monday that it partnered with the France-based world's third-largest shipping company CMA CGM. 

The two companies signed a memorandum of understanding (MOU) to provide competitive ocean freight and vessel space management. They aim to improve service cooperation across the Americas, Europe, and Asia.

It also includes collaboration in environmental, social, and governance (ESG) initiatives, aligning with broader industry trends towards sustainability.

CMA CGM, a prominent member of the Ocean Alliance, which also includes 2M and THE Alliance, services over 400 commercial ports globally.

Shipping alliances are agreements among global shipping companies to share vessels and routes, enabling joint service operations.

Write to Jae-Kwang Ahn at ahnjk@hankyung.com
#Lotte Global Logistics #CMA CGM #France #ocean freight #vessel space

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