CMA CGM pledges $20bn investment to boost US supply chains
French transport group CMA CGM is to plough $20bn into the US maritime economy to ...
Photo: © Woravit Vijitpanya | Dreamstime.com
Despite a lull in attacks on shipping this month, Houthi suggestions are that they may resume, despite the Gaza ceasefire announced for Sunday between Israel and Hamas.
President Biden’s Middle East envoy, Brett McGurk, was joined by the president-elect’s choice, Steve Witkoff – a partnership which the White House described as “highly constructive, very fruitful” – just four days before the ceasefire deal was agreed – although it has yet to be formally signed by the Israeli ...
Comment on this article
Stuart Gregson
January 16, 2025 at 3:20 pmCarriers have published their new networks and emphasis from some that they will be routing via the Cape with the 2nd half of the year more likely so the February prediction doesn’t appear to have any evidential basis and just a comment? The raft of new builds is also being used to facilitate the additional capacity needed to support this routing so returning would dump a lot of extra capacity into the market or vessels being laid up to avoid this. Rates in January pre CNY were already unprecedentedly falling so carrier will be in panic mode if this continues.
David Stephenson
January 17, 2025 at 10:18 amThe Houthis are making billions in protection money paid by the ships that are still using the Suez Canal. I really can’t see them letting that go.