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 ...
I recently ran the rule over the liquidity profile of CMA CGM, one the most financially strained majors in the container shipping industry. Affected by a very aggressive, opportunistic corporate strategy aimed at vertical integration of logistics services as well as new IFRS accounting rules, its key financials are in stark contrast with those of the best-run Asian player, which could come to the rescue if it wanted to.
Enter the obvious suspect, parent company Orient Overseas International Ltd (OOIL), and ...
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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