JAKARTA: France’s CMA CGM, the third biggest shipping company in the world, aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent.
“With aggressive marketing, as well as longer and more efficient routes, we believe we can have 20 percent of the market by end of 2017,” said the firm’s senior vice president in Asia, Jean-Yves Duval, in Jakarta on Sunday. Jean said the company aims to gradually increase cargo volume to 15,000 twenty-foot equivalent units (TEUs) from the current 12,000 TEU each week.
To achieve the goal, it plans to open its 16th office in Pekanbaru, Riau, after having opened 15 offices across the archipelago since it began operations in Indonesia in 1995.
CMA CGM recently launched Indonesia’s first Jakarta-Los Angeles route, which, according to the company, runs a route time of 23 days maximum, shorter than the normal 30-day shipping time.
The company, with subsidiaries APL, ANL and CPC, has a combined 13 percent market share of Indonesia’s sea cargo volume, moving some 12,000 TEU every week to and from and within Indonesia.
CMA CGM recently acquired APL for US$2.4 billion last year to strengthen its position as a shipping company amid low freight rate and sluggish global trade.
