News / More state bailouts spark claims of 'unfair competition' among container lines

14/05/2020

With Europe’s CMA CGM becoming the latest major container line to tap state aid, there are growing concerns that carriers will not compete on a level playing field post-coronavirus crisis.

The Loadstar reported yesterday on a €1.05bn loan secured by CMA CGM from a consortium of banks, 70% guaranteed by the state, and which can be extended by up to five years.

This followed South Korea’s $1bn bailout of its shipping sector, including flag-carrier HMM, which got $591m and this week took ...