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CMA CGM takes over OPDR

Date: 03/12/2014

CMA CGM confirmed that it is acquiring German shortsea operator Oldenburg-Portugiesische Dampfschiffs-Rhederei. OPDR is owned by the Bernhard Schulte Group, and operates door to door logistics services  for North Europe, Canary Islands, the Iberian Peninsula and Morocco.

The deal fits with the French line's strategy of buying  regional carriers. Its portfolio already includes African specialist Delmas, Oceania's ANL, US Lines, CNC  in Asia, Comanav, and MacAndrews, the UK-based shortsea line. OPDR, which operates services between northern Europe and Spain. Portugal and Morocco, fits with that strategy.

CMA CGM chairman Jacques Saadé confirmed the deal after days of speculation, and signalled that OPDR will be maintained as a separate brand while synergies would be found with MacAndrews that operates in similar trades.

Farid  Salem, CMA CGM group executive officer, who led this acquisition, said the acquisition would reinforce the group’s presence in the growing intra-European shortsea market. “This is a continuation of our strategy to broaden our regional network, a strategy which began with the acquisition of MacAndrews in 2002,” he said. “As with MacAndrews, we plan on maintaining and developing the OPDR company, as well as creating new synergies with both MacAndrews and the CMA CGM Group”.

OPDR operates five different services between: north Europe and the Canary Islands, Seville and the Canary Islands, north Europe, Spain, Portugal and Morocco, north Europe and Morocco, and north Europe, Spain and Scandinavia.

This year, OPDR is forecast to carry over 240,000 teu, and MacAndrews expects to move around 290,000 teu.

 

Source: Lloyd’s List

 
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