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July 9 2018

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July 9 2018 | The Journal of Commerce 7 www.joc.com Spotlight Empower Your Team. Unlimited access to business-critical news and in-depth analysis on shippers- need-to-know. www.joc.com 19036 Saade, 81, leaves CMA CGM a global power Jacques R. Saade leaves CMA CGM, founded after he fl ed the Lebanese civil war and begun in his adopted home of France with a single ship service between Beirut and Marseilles, as the third-largest global container line operating in more than 160 countries. Saade died June 24 at 81. After leaving Lebanon with his family, he created Compagnie Maritime d'A rètement (CMA) in 1978, originally with four employees. In 1986, he launched a service linking North Europe and Asia. In 1992, he opened CMA's fi rst o ce in Shanghai. Along the way, he made several acquisitions, including CGM in 1986, ANL in 1998, and Delmas in 2005. In 2006, the company became the third- largest container shipping company. In the case of CGM, Saade was able to pick up a prestigious company in the historic French- fl ag national carrier, which had racked up years of losses under French government ownership and led him to change the name of the company to CMA CGM. Like Gianluigi Aponte, founder and owner of Mediterranean Shipping Co., Saade avoided broad alliances with other carriers and Brexit logistics jitters mount European shippers, freight forwarders, ports, shipping lines, and truckers are increasingly pessimistic about the impact of Brexit — the UK's exit from the European Union next March — on the logistics sector. The industry is facing a summer of uncertainty as the late June summit of EU leaders in Brussels was expected to address more pressing issues for the other 27 EU states, particularly the growing migrant crisis, eurozone reform, the accelerating trade confl ict with the United States, and the demands of Italy's new populist government. The transport sector, potentially the front- line victim of a hard Brexit involving the UK's exit from the EU's customs union and single market, is frustrated at the lack of progress in negotiations with Brussels and the government's scant attention to the nuts and bolts impact on the nation's supply chain. "With less than 10 months to go until the country is set to leave the EU, we have nothing agreed and there is every prospect of another fl unked summit," warned James Hookham, deputy chief executive of the Freight Transport Association (FTA), one of the country's leading logistics organizations. And the UK's reliance on Brussels "blinking fi rst" is "hanging the logistics industry out to dry," he added, in advance of the June 28-29 meeting. Jacques R. Saade CMA CGM

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