Box lines declare force majeure as White House defends ILA
Shipping lines are beginning to declare force majeure, as the US east and Gulf coast ...
Straight to the podium today:
1) Gold Medal: goes to Robert Yildirim for his smart investment in CMA CGM back in the post-financial crisis dark days of box shipping…. Last week’s interview with the JOC – in which he estimates the value of his shares in CMA CGM (24%) as worth $22bn – shows it to be one of the best investments ever: he paid $500m for 20% in 2010.
2) Silver Medal: to CMA CGM CEO and major shareholder Rodolphe Saadé ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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