IN THE MEDIA: “Grandes manoeuvres sur la Corse”

An interesting editorial from Thibaud Teillard in French publication “Le Marin” (Linkedin) discusses the evolving dynamics within the Corsican ferry service sector, with a focus on potential changes involving key players like CMA CGM, La Méridionale, Corsica Linea, and Corsica Ferries.

Here are the key points from the article:

1. CMA CGM’s Position in Corsican Ferry Services: After acquiring La Méridionale in 2023, CMA CGM remains in a secondary position in Corsica’s ferry service market, operating only two ships in the public service delegation, compared to five for Corsica Linea.
2. Challenges with Routes: CMA CGM’s attempt to launch a Toulon-Île-Rousse line failed after six months, partly due to competition and a strike at Corsica Linea, which disrupted the balance of the public service delegation (DSP).
3. Plans for a New Route: Despite setbacks, La Méridionale discreetly filed a request in June 2024 to open a Toulon-Bastia route from January 2025. This would directly compete with Corsica Linea’s Marseille-Bastia route, raising concerns within Corsica Linea.
4. Potential Acquisition of Corsica Ferries: Rumours are circulating that CMA CGM might be considering the acquisition of Corsica Ferries. Discussions between the companies’ leadership have taken place, and CMA CGM is already familiar with Corsica Ferries through a joint investment in the start-up Neoline.
5. Pierre Mattei’s Perspective: Pierre Mattei, the head of Corsica Ferries, is reportedly open to the idea of a sale, as Corsica Ferries faces challenges with fleet decarbonisation and a potential shift in its operating model. Although no deals have been signed yet, negotiations are reportedly progressing.
6. Corsica Ferries’ Unique Business Model: Corsica Ferries operates under an Italian flag and has a different social management structure compared to French companies, which may complicate any potential acquisition. However, the company’s future remains uncertain, as Mattei, now 60, might be considering stepping back.

The article explores the potential shift in the Corsican ferry service landscape, with CMA CGM aiming for a stronger foothold through a possible acquisition of Corsica Ferries