Last modified: 2010-12-04 by ivan sache
Keywords: societe anonyme de gerance et d'armement | saga | cross (blue) | letters: saga (red) |
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House flag of SAGA - Image by Ivan Sache, 7 August 2010
Société Anonyme de Gérance et d'Armement (SAGA) was founded in 1919 by the Rothschild Bank for the management of state-owned ships. In 1920, SAGA operated the coal fleet of the Compagnie des Chemins de Fer du Nord, a railway company also owned by the Rothschild group.
SAGA subsequently grew up by absorbing several shipping companies, such as Compagnie des Bateaux à Vapeur du Nord (1926), Union Maritime (1934), Compagnie Franco-Africaine de Navigation (1935), Société Navale de l'Ouest (1939) and Société Nationale d'Affrêtements (1963).
SAGA also created several wholly-owned subsidiaries and joint-ventures, such as Compagnie Chérifienne d'Armements (1929), Société Navale de la Sanaga" (a joint-venture set up in 1957 with Péchiney), CETRAMAR (a joint- venture set up in 1964 with Chargeurs Réunis, Louis-Dreyfus and Union Navale), and Normandy Ferries (a joint-venture set-up in 1965 with General Steam Navigation Company).
In 1968, SAGA began to withdraw from shipping, which was achieved in 1982. The company (website), part of Bolloré Investissement SA since 1997, provides sea, air, and inland transportation services worldwide.
Source: Navires & Marine Marchande, No. 34, January 2008
Dominique Cureau & Ivan Sache, 7 August 2010
The house flag of SAGA (same source as above) is white with a blue cross and the red letters "S", "A", "G" and "A" placed in the first, second, third and fourth quarters, respectively.
Dominique Cureau, 7 August 2010