© Feng Yu china
© Feng Yu


China is putting pressure on CMA CGM, one of the world’s biggest shipping companies, to keep a lid on record container freight costs, which have been driven up by a recovery in demand following the coronavirus pandemic. “The market is so strong that they feel, the Chinese authorities, that at one point in time there needs to be a ceiling,” said Rodolphe Saadé, chairman and chief executive of Marseille-based CMA CGM in an interview with the Financial ...

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