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 ...
By Mike Wackett
With CMA CGM’s second-quarter results expected tomorrow, the cumulative industry profit will reach a new record, but it is likely to be the beginning of the end of carrier mega-earnings.
According to the release today of the latest HSBC global research report on the global container shipping sector, liner profits are set to plunge by more than 80% from their highs of this year – but it adds it still expects results will be “better than in the past”.
“There are signs ...
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