Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
With Asia-South America ocean freight rates at an 18-month high of around $4,350 per 40ft, ...
In the wake of third-quarter results last year, we had almost forgotten that financial distress was mounting at France’s CMA CGM.
Not long ago, its traded debt rallied and with the allure of capital appreciation on the cards, the bulls were almost prepared to suggest the crisis of confidence was over in the bond market for the debt-laden carrier.
However, what the coronavirus crisis has done in the past three weeks is to make us wonder what could be next for the major ...
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