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.

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.

Diego Aponte, President and CEO of MSC, said “We see container monitoring as an important innovation in providing our customers with a high quality of service, while also being able to monitor our outputs accurately. “We believe that shipping lines should naturally compete on service, but should co-operate in the area of technology and innovation.”

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