Ocean rates ex-Asia under pressure, while PSSs return to the transatlantic
Container freight rates from Asia are expected to come under renewed pressure in the usual ...
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By Alex Lennane
CMA CGM can’t be all things to all people – and it appears to be considering a partial sale of some port assets. Its purchase of Ceva Logistics has left it looking to reduce its debt, notes Bloomberg, and it is in talks with China Merchants Group over port infrastructure. The Chinese group has invested before: in 2013 it bought 49% of CMA CGM’s Terminal Link unit, and it is said to be eyeing “several hundred million US dollars” on new investments.
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