Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Container shipping lines are looking for a hike in Asia-Europe spot freight rates, announcing a ...
As predicted in The Loadstar yesterday, the French government is looking at a windfall tax on ‘super profits’, and hauled CMA CGM boss Rodolphe Saade in front of the Senate to answer questions. The government is eyeing up to a 25% tax on CMA and two energy companies, but Mr Saade, claiming CMA was patriotic, said: “What I want is that we stop looking at CMA CGM and we start looking at my competitors.” He also claimed that no one had come to help when freight rates were $350, reports Bloomberg. “We weren’t sure at one point if we would get through the week. No one came to speak with us or say something. We had to figure it out.” However, the French government did, in fact, guarantee 70% of a €1bn loan the line took out in May 2020. It also supported the carrier in 2012.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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