CMA CGM favourite to acquire stake in top French rail freight player
CMA CGM appears poised to expand its footprint in rail freight with the acquisition of ...
TFII: EARNINGS BEATCHRW: PUMMELED DSV: LACK OF TRUST WEIGHSDHL: NEW HIGH DHL: E-COMM DEAL SIGNEDF: NEW PROFIT STREAMCHRW: HEALTHY CORRECTIONDSV: TIME TO BUY INWTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH IT
TFII: EARNINGS BEATCHRW: PUMMELED DSV: LACK OF TRUST WEIGHSDHL: NEW HIGH DHL: E-COMM DEAL SIGNEDF: NEW PROFIT STREAMCHRW: HEALTHY CORRECTIONDSV: TIME TO BUY INWTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH IT
Reports that the 3,426 teu CMA CGM Vercruz, which is owned by the Singapore based CNC Line, was adrift south of Louisiana have been corroborated by AIS tracking, which showed the vessel drifting last Thursday.
Insurance consultancy WK Webster reported operational issues on Friday, and the latest AIS reports show the vessel now at anchor on the Mississippi River. It had been expected to leave New Orleans to arrive at Houston on Wednesday.
Another of the French line’s vessels to suffer machinery problems is the CMA CGM Barracuda, which is understood to have suffered rudder failure, causing the vessel to ground off Hansweert in the Netherlands, on 13 January.
The Barracuda, which is owned by CMA CGM, was rescued as 12 tugs pulled the 5,060 teu vessel free, and the ship has now arrived in Hamburg.
However, WK Webster said general average may be declared for this incident so the carrier could recover salvage costs.
CMA CGM told The Loadstar: “We do not wish to comment on this subject.”
For uninterrupted access, sign in or sign up to The Daily News, Premium or The Loadstar Enterprise Plan.
Comment on this article