• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The CMA CGM Group, the world's third largest shipping group, and IBM, the computer major, have announced the creation of a 50-50 joint venture, CMA CGM SYSTeMS, to evolve an information technology system to support the French shipping group's growth projected.

The joint venture will provide design innovative solutions to help CMA CGM capture a bigger market share, accelerate implementation and deployment of major IT applications and leverage IBM's business expertise to achieve operating excellence. The joint venture will be based in Marseille and start operation from January 2007, employing 286 employees of CMA CGM at the outset. The new company hopes to achieve a turnover of approximately euro 700 million over next 10 years, according to CMA CGM sources.

Our Bureau

More Stories on : Software | Shipping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
BA's fleet replacement process takes off

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line