Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
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 ...
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