The first ten years of 2000 was THE decade for the shipping industry. In 2001, China joined the WTO and exports from that country boomed. Where was the Group during those years?
Right at the centre of the action, of course! In the mid-eighties a still rather modest CMA launched itself into the Far East market. Then came the first call to China in the early nineties, where it multiplied lines and agencies ready for the big boom in the “noughties”.
With its agency network, presence in big strategically located ports and ever-larger vessels, CMA CGM was able to take full advantage of this spectacular decade, propelling it to third biggest on the global ranking of container shipping companies within a few years.
And that’s excluding strategic acquisitions that would position it in all four corners of the globe within ten years – which we will talk about in a future article.
Nothing is gained by running too fast – it’s CMA CGM’s ability to anticipate that has allowed it to fully participate in the rapid expansion in world trade and to become a major player in the shipping world.