MSC joins CMA CGM in backing TRAXENS
MSC Mediterranean Shipping Company, a world leader in global container shipping, has joined CMA CGM, in backing French start-up, TRAXENS, the company said in its press release.
Founded in 2012, TRAXENS has been developing unique solutions for the cargo logistics arena, and has created an innovative container monitoring and coordination system.
With a combined fleet of 4.5 million units these two world leaders transport approximately 25% of the world’s shipping containers.
The agreement sees CMA CGM and MSC invest capital in TRAXENS, with each Group also represented on the Board of Directors.
The deployment of the TRAXENS devices across the fleets of both carriers will be announced in Q4 of this year.
About MSC
MSC Mediterranean Shipping Company S.A. is a privately owned global shipping company founded in 1970 by Gianluigi Aponte. As one of the world’s leading container shipping lines, MSC operates 480 offices across 150 countries worldwide with over 60,000 employees. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, the company prides itself on delivering global service with local knowledge. MSC’s shipping line sails on more than 200 trade routes, calling at over 315 ports.
About CMA CGM
CMA CGM, founded and led by Jacques R. Saadé is a leading worldwide shipping group. Its 536 vessels call more than 420 ports in the world, on all 5 continents. In 2015, CMA CGM carried 18 million* TEUs (twenty-foot equivalent units).
CMA CGM has grown continuously, and has been constantly innovating to offer its clients new sea, land and logistics solutions.
With a presence in 160 countries, through its 600 agencies network, the Group employs 29,000 people worldwide, including 2,400 in its headquarter in Marseilles.
About TRAXENS
TRAXENS have built the world's most advanced multi-modal container monitoring and coordination system and now deliver real data for logistics excellence to all.
