Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
CMA CGM is set to take a “quasi equity” stake in French cross-channel ferry operator Brittany Ferries.
The two carriers have signed a letter of intent to “unlock synergies between the two companies in passenger and freight transport”.
CMA CGM will plough €25m ($29.5m) into Brittany Ferries, which has experienced a torrid pandemic as passenger volumes dropped dramatically in the aftermath of lockdowns and veered perilously closer to financial ruin.
Revenues in 2020 more than halved, to €202.4m, compared with 2019’s €469m, as ...
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