News / Bullish carriers continue tonnage grab strategies while profits last

Port of Los Angeles

Despite geopolitical tensions, which could dampen longer-term demand, ocean carriers are persisting with their bullish strategies on new tonnage, with more vessel orders and forward fix long-term charters.

CMA CGM, which has been one of the most aggressive players in the newbuild, charter and second-hand markets in the past 18 months, said during its annual report it was re-investing half its $18bn 2021 profit into beefing-up its vessel capacity and container equipment.

Since the start of the pandemic, the French carrier has ...