Weekly Newsletter

12 July 2024

Weekly Newsletter

12 July 2024

CMA CGM invests in Pasqal to explore quantum computing in maritime

The French companies will work on exploring quantum computing applications for the maritime industry and training the shipping company’s employees.

Noah Bovenizer July 10 2024

Shipping giant CMA CGM has invested in quantum computing company Pasqal to introduce the technology into its operations and explore its maritime applications. 

The two French companies formed a strategic partnership and will also establish a Quantum Computing Centre of Excellence at CMA CGM’s learning and innovation centre TANGRAM. 

Hadi Zablit, executive vice president for IT at CMA CGM Group, said: “This partnership with Pasqal will allow CMA CGM to apply quantum computing technologies to maritime transport and logistics, reinforcing our Group’s position as a leader in the digital transformation of our industry.” 

One of the biggest topics in the technology industry for the last decade, quantum computing is a new form of computing that uses quantum physics to go beyond binary processing and provide exponentially faster calculations and data processing. 

However, while the idea has been around since the mid 20th century, scalable quantum computers have yet to be developed, meaning much of their proposed uses are theoretical. 

Despite this, CMA CGM said it is hoping its partnership with Pasqal will allow it to “leverage the power of quantum computing” to improve the efficiency and adaptability of the transport and logistics market, particularly by optimising container management. 

The new centre of excellence will provide training and case workshops on the technology for CMA CGM staff, alongside an e-learning platform to allow employees to improve their understanding of the idea. 

Geroges-Olivier Reymond, CEO of Pasqal, said: “All of Pasqal’s priorities are reflected in this partnership with CMA CGM: developing concrete use cases with leading industrial players, accelerating the understanding of the potential of quantum computing, and continuing cutting-edge research to serve the quantum ecosystem.” 

While the exact investment into Pasqal has not been disclosed, CMA CGM has been investing significantly to expand its business recently, including a $5.2bn acquisition of Bolloré Logistics agreed in March, the largest in the company’s history.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close