Another CMA CGM vessel heading for Suez Canal – 'to mitigate schedule delay'
Following the Suez Canal Authority’s decision to offer a 15% rebate on transit fees for ...
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