CMA CGM and Total Sign Bunker Supply MoU

Patrick Pouyanné, Total Chairman & CEO, and Rodolphe Saadé, VP of CMA CGM at the MoU signing.

CMA CGM S.A. (CMA CGM) today announced that it has signed a memorandum of understanding (MoU) with Total S.A. (Total) for the supply of "a range of multifuel solutions," and will work with Total to prepare for tightening environmental regulations in the shipping industry.

"With the signature of this MOU, CMA CGM is continuing the sustainable development process begun several years ago," said Rodolphe Saadé, Vice Chairman of CMA CGM.

"The solutions offered by Total will enable us to further minimise the environmental impact of the Group's activities and is a next step in building a more environmentally conscious shipping industry."

Under the three-year agreement, Total will supply CMA CGM with fuel oil with a sulfur content of 0.5 percent, fuel oil with a sulfur content of 3.5 percent for ships equipped with exhaust gas cleaning systems, and liquefied natural gas (LNG).

Further, the companies have agreed to work together to develop solutions that reduce the environmental impacts of container ships.

"As a global integrated energy producer and provider present across the oil and gas value chain, we aim to offer our customers a range of multifuel solutions to meet their different needs," said Patrick Pouyanné, Chairman and CEO of Total.

"The new regulations require both marine fuel suppliers and shipping industry stakeholders to adapt quickly. That is why we are working hand in hand with CMA CGM, a long-standing partner."

As Ship & Bunker also reported today, Total has signed an agreement with Brittany Ferries for the supply of LNG to the ferry operator's newbuild LNG-powered vessel, which is slated to be deployed on the Portsmouth-Caen route in 2019.