Total and CMA CGM have signed a strategic agreement covering the supply of around 300,000 tons of LNG a year for 10 years starting in 2020 for CMA CGM's future container ships.
CMA CGM is set to equip its giant container ships (capacity of 22,000 TEUs1) with LNG propulsion, has selected Total Marine Fuels Global Solutions, the Total affiliate for these future supply operations.
Under this agreement, Total will provide a tailor-made solution for LNG supply. The Group is currently considering chartering on long-term basis a LNG bunkering vessel that would not only deliver fuel to CMA CGM in Europe, but also to other customers in the same region.
“LNG is the fuel of the future for shipping,” commented Rodolphe Saadé, chairman and chief executive officer of CMA CGM.
By selecting LNG as a fuel today, CMA CGM is opting for a solution that will outperform the sulfur cap of 0.5 per centrequired in 2020.
“CMA CGM’s decision to adopt LNG propulsion for its new build container ships sends a strong signal to the maritime world.” stated Patrick Pouyanné, chairman and chief executive officer of Total. “The wider use of LNG as a fuel is an important component of Total’s LNG strategy, and we are delighted to support CMA CGM as it implements this ambitious project. This agreement highlights our involvement in developing dedicated supply chains for this new fuel."
In addition, both companies reached an agreement in principle on the potential supply of lubricants for the nine new builds, giving CMA CGM access to Total Lubmarine’s innovative products, technical expertise and global distribution network.