The maritime company “La Méridionale”, serving Corsica, acquired by CMA-CGM

La Méridionale has just been taken over by CMA-CGM, according to the site of the weekly Le Marin.

The shipping company which belongs to the Stef group (specialized in transport and logistics) was in difficulty, still according to Le Marin, due to the reduction of its perimeter in the public service delegation between the Continent and Corsica, increasing in recent years from two to three ships.
The Marseille shipping company specializing in mixed cargo (freight and passengers) had recently opened lines to Morocco which had proved to be financially costly.

READ ALSO: Freight tariff continent-Corsica: an increase that makes you cough

According to information collected by Le Marin, the CEO of the Stef group announced to the management of La Méridionale the sale of his group’s shares to CGM-CGM on Tuesday evening, February 7.

On December 20, 2022, La Méridionale obtained a public service delegation to Corsica for half of the rotations between Ajaccio and Marseilleseven days a week and for all rotations between Porto-Vecchio and Marseille, three days a week. This DSP was concluded for a period of seven years, until December 31, 2029.

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