CMA CGM tied to $1.1bn order for 10 Chinese 15,000 teu newbuilds

Kudos to our friends at Splash247 for spotting this nugget: French carrier CMA CGM is poised to ink another big box ship order, once more throwing the industry into spasms of concern about overcapacity and the possibility of plummeting freight rates. News of the order was picked up by shipbroker Braemar ACM, although it remains unconfirmed by the shipping line. The size of vessels is interesting, as they are reportedly “ideal for transpacific, Asia-Mediterranean and Asia-Middle East” trades.