CMA CGM Group Bolsters Its Presence in Madagascar

first_imgzoom Since the creation of CMA CGM Madagascar in 2003, the CMA CGM Group, the world’s third largest container shipping company, has continued to develop on the island to move closer to its customers and partners and meet economic growth forecasts in the Malagasy industrial market.CMA CGM JULES VERNEThe CMA CGM Group is opening two news agencies in Toliara (Tuléar) and Antsiranana (Diego Suarez)*, thus bringing its presence in Madagascar to 8 offices of which 5 owned ones.In order to strengthen its offer in the Indian Ocean, both import and export, the CMA CGM Group is deploying a second vessel on its fortnightly Indian Ocean Feeder service, as from April 16th, 2014, thus optimizing rotations with a second loop. FIRST LOOPSECOND LOOPThe CMA CGM Group, which is already the sole carrier to offer regular calls in the 7 ports of Madagascar, will continue to expand intra-regional trade as well as national cabotage in Madagascar, the Group said.The 2 Indian Ocean Feeders offer connections with:MASCAREIGNES EXPRESS for Europe, Persian Gulf and India.MOZEX for Asia.SHAKA for the African continent.*The two new agencies are located at the following addresses:CMA CGM TOLIARA (Tulear) Avenue de France, Route du Port Enceinte COMATO Mahavatse II Toliary 601MADAGASCAR CMA CGM ANTSIRANANA (Diego Suarez) 1er étage Immeuble Ny Havana Avenue Lally Tollendal Antsiranana 201 MADAGASCAR CMA CGM Group, April 18, 2014last_img read more

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Foreign exchange rates

These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Thursday. Quotations in Canadian funds.Australia dollar 0.9789Brazil real 0.3997China renminbi 0.1886Euro 1.4699Hong Kong dollar 0.160682India rupee 0.01926Indonesia rupiah 0.0000930Japan yen 0.01113Malaysia ringgit 0.2967Mexico peso 0.06842N.Z. dollar 0.8941Norway krone 0.1570Peruvian new sol 0.3852Russia rouble 0.02180Saudi riyal 0.3346Singapore dollar 0.9202South Africa rand 0.09192South Korean won 0.001100Sweden krona 0.1543Switzerland franc 1.2825Taiwanese dollar 0.04133Thailand baht 0.03759Turkey lira 0.3508U.K. pound 1.6476U.S. dollar 1.2548Vietnam dong 0.000055 read more

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