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Delmas (shipping Company)
Delmas Shipping, based in Le Havre, France, was a containerized-freight and ro-ro shipping company, mainly carrying trade between western Europe and Africa. It was the largest cargo carrier between European and African ports, and Europe's oldest extant shipping line. Delmas is wholly owned by the CMA CGM Group, having been acquired from the Bolloré Group for €470 million in 2005. The Delmas brand was fully integrated into CMA CGM in March 2016. The company operated a fleet of 49 vessels with a collective capacity of , on 15 routes between Europe, Africa and the Indian Ocean. History ''Delmas Freres'' was founded by Julien & Frank Delmas in 1867 to transport coal and raw materials from the French port of La Rochelle. In 1910 the company was renamed ''Delmas Vieljeux'' after its president, joint owner and Mayor of La Rochelle, Leonce Vieljeux. The first Delmas shipyard opened in 1922 and international shipping began in 1925 with imports of mahogany from the African state o ...
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CMA CGM Group
CMA CGM S.A. is a French container transportation and shipping company. It is the world’s 3rd largest container shipping company, using 257 shipping routes between 420 ports in 160 countries. Its headquarters are in Marseille, France The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), which translate as "Maritime Freighting Company" and "General Maritime Company". History The history of CMA CGM can be traced back to the middle of the 19th century, when two major French shipping lines were created, respectively Messageries Maritimes (MM) in 1851 and Compagnie Générale Maritime (CGM) in 1855, soon renamed Compagnie Générale Transatlantique in 1861. Both companies were created partly with the backing of the French State, through the award of mail contracts to various destinations, French colonies and overseas territories as well as foreign countries. After the two World Wars, the two companies ...
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Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ...
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Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Gabon
Gabon (; ; snq, Ngabu), officially the Gabonese Republic (french: République gabonaise), is a country on the west coast of Central Africa. Located on the equator, it is bordered by Equatorial Guinea to the northwest, Cameroon to the north, the Republic of the Congo on the east and south, and the Gulf of Guinea to the west. It has an area of nearly and its population is estimated at million people. There are coastal plains, mountains (the Cristal Mountains and the Chaillu Massif in the centre), and a savanna in the east. Since its independence from France in 1960, the sovereign state of Gabon has had three presidents. In the 1990s, it introduced a multi-party system and a democratic constitution that aimed for a more transparent electoral process and reformed some governmental institutions. With petroleum and foreign private investment, it has the fourth highest HDI in the region (after Mauritius, Seychelles and South Africa) and the fifth highest GDP per capita (PPP) i ...
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Mahogany
Mahogany is a straight-grained, reddish-brown timber of three tropical hardwood species of the genus ''Swietenia'', indigenous to the AmericasBridgewater, Samuel (2012). ''A Natural History of Belize: Inside the Maya Forest''. Austin: University of Texas Press. pp. 164–165. . and part of the pantropical chinaberry family, Meliaceae. Mahogany is used commercially for a wide variety of goods, due to its coloring and durable nature. It is naturally found within the Americas, but has also been imported to plantations across Asia and Oceania. The mahogany trade may have begun as early as the 16th century and flourished in the 17th and 18th centuries. In certain countries, mahogany is considered an invasive species. Description The three species are: *Honduran or big-leaf mahogany ('' Swietenia macrophylla''), with a range from Mexico to southern Amazonia in Brazil, the most widespread species of mahogany and the only genuine mahogany species commercially grown today. Illegal l ...
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Container Ship
A container ship (also called boxship or spelled containership) is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization. Container ships are a common means of commercial intermodal freight transport and now carry most seagoing non-bulk cargo. Container ship capacity is measured in twenty-foot equivalent units (TEU). Typical loads are a mix of 20-foot (1-TEU) and 40-foot (2-TEU) ISO-standard containers, with the latter predominant. Today, about 90% of non-bulk cargo worldwide is transported by container ships, and the largest modern container ships can carry up to 24,000 TEU (e.g., '' Ever Ace''). Container ships now rival crude oil tankers and bulk carriers as the largest commercial seaborne vessels. History There are two main types of dry cargo: bulk cargo and break bulk cargo. Bulk cargoes, like grain or coal, are transported unpackaged in the hull of the ship, generally in large volume. Break-bulk car ...
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Indian Ocean
The Indian Ocean is the third-largest of the world's five oceanic divisions, covering or ~19.8% of the water on Earth's surface. It is bounded by Asia to the north, Africa to the west and Australia to the east. To the south it is bounded by the Southern Ocean or Antarctica, depending on the definition in use. Along its core, the Indian Ocean has some large marginal or regional seas such as the Arabian Sea, Laccadive Sea, Bay of Bengal, and Andaman Sea. Etymology The Indian Ocean has been known by its present name since at least 1515 when the Latin form ''Oceanus Orientalis Indicus'' ("Indian Eastern Ocean") is attested, named after Indian subcontinent, India, which projects into it. It was earlier known as the ''Eastern Ocean'', a term that was still in use during the mid-18th century (see map), as opposed to the ''Western Ocean'' (Atlantic Ocean, Atlantic) before the Pacific Ocean, Pacific was surmised. Conversely, Ming treasure voyages, Chinese explorers in the Indian Oce ...
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Bolloré Group
Bolloré SE () is a French conglomerate headquartered in Puteaux, on the western outskirts of Paris, France. Founded in 1822, the company has interests in Vivendi, international freight forwarding, oil storage and pipelines in France, solid state batteries, access control systems for buildings, palm oil and rubber in Asia and Africa, olive groves in the US and wine production in France. In 2004, the group ranked amongst the top 200 European companies. The company is listed on the Euronext exchange in Paris, but the Bolloré family retains majority control of the company through a complex and indirect holding structure. The company is led by Cyrille Bolloré, the son of Vincent Bolloré. History The firm was founded in 1822, in Ergué-Gabéric, near Quimper, Finistère, Quimper, Brittany by Nicolas Le Marié (1797-1870), as a paper manufacturer named ''papeteries d'Odet''. Beginning in 1863, it was directed by Jean-René Bolloré (1818–1881), a nephew by marriage who had obtain ...
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Western Europe
Western Europe is the western region of Europe. The region's countries and territories vary depending on context. The concept of "the West" appeared in Europe in juxtaposition to "the East" and originally applied to the ancient Mediterranean world, the Roman Empire (Western Roman Empire and Eastern Roman Empire), and medieval "Christendom" (Western Christianity and Eastern Christianity). Beginning with the Renaissance and the Age of Discovery, roughly from the 15th century, the concept of ''Europe'' as "the West" slowly became distinguished from and eventually replaced the dominant use of "Christendom" as the preferred endonym within the region. By the Age of Enlightenment and the Industrial Revolution, the concepts of "Eastern Europe" and "Western Europe" were more regularly used. Historical divisions Classical antiquity and medieval origins Prior to the Roman conquest, a large part of Western Europe had adopted the newly developed La Tène culture. As the Roman domain ...
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CMA CGM
CMA CGM S.A. is a French container transportation and shipping company. It is the world’s 3rd largest container shipping company, using 257 shipping routes between 420 ports in 160 countries. Its headquarters are in Marseille, France The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), which translate as "Maritime Freighting Company" and "General Maritime Company". History The history of CMA CGM can be traced back to the middle of the 19th century, when two major French shipping lines were created, respectively Messageries Maritimes (MM) in 1851 and Compagnie Générale Maritime (CGM) in 1855, soon renamed Compagnie Générale Transatlantique in 1861. Both companies were created partly with the backing of the French State, through the award of mail contracts to various destinations, French colonies and overseas territories as well as foreign countries. After the two World Wars, the two companies ...
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