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News / CMA CGM and Zim blame rising fuel costs as they join the list reporting Q1 losses

Entre Le Havre et Rotterdam
The CMA CGM AMERIGO VESPUCCI in the port of Rotterdam
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CMA CGM and Zim each posted first-quarter losses last week.

Both pinned the blame on escalating fuel costs, joining their container shipping peers in what has been a dismal first quarter.

CMA CGM chairman and chief executive Rudolphe Saade said of the line’s net loss of $77m: “The shipping industry is ...

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