Despite sourcing shifts, 'don't write-off China', says CMA CGM CCO
China cannot be written off completely from supply chains, despite tension with the US and ...
Photo: CMA CGM © Digitalsignal | Dreamstime.com
By Mike Wackett
CMA CGM is to ringfence 90% of the $18bn net profit it made last year for growth, including purchasing more ships and equipment, and pledged exclusive space on its vessels to small and medium-sized shippers.
The French line is among major ocean carriers under fire from US lawmakers who accuse them of unfairly driving up prices.
A joint letter from the chairs of two US congressional oversight panels last week, sent specifically to Maersk, CMA CGM and Hapag-Lloyd, said it was “deeply ...
Comment on this article