TotalEnergies, CMA CGM launch LNG JV: French oil giant TotalEnergies and maritime giant CMA CGM are setting up a JV for a 20k-cbm LNG bunkering supply vessel at the Port of Rotterdam, aiming to optimize delivery and expedite decarbonization, according to a press release (pdf). Both firms will handle the JV equally, with operations slated to begin by end-2028.

The details: The JV will initially reload LNG supply at the port’s terminals for bunkering — using TotalEnergies’ 18.6k cbm LNG bunkering vessel already in the area — until the new vessel is integrated. The venture will fuel vessels for CMA CGM and any other shipping operators within the Amsterdam-Rotterdam-Antwerp area. This is part of TotalEnergies’ push to grow its dual-fuel LNG-powered fleet to 123 vessels by 2029 and supply CMA CGM with up to 360k tons of LNG per year between 2028-2040.

Both firms have been busy: The Egyptian Competition Authority signed off on CMA CGM Inland Services’ acquisition of a 35% stake in October Dry Port on Tuesday. The firm also inked a USD 440 mn agreement with Borusan Holding to acquire 100% of its logistics and supply chain solutions firm Borusan Tedarik back in April. TotalEnergies meanwhile signed a 20-year sales and purchase agreement in May to acquire 2 mn tons per annum of LNG from the Canada-based Ksi Lisims LNG project. The firm is also planning to produce marine motor oil in Egypt in partnership with Adnoc Distribution by 4Q 2025.

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