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CMA CGM SA
Big jolt for Indian exporters as shipping rates up 40% on higher fuel & insurance costs amid Iran warAs the winds of global trade shift, Indian exporters are grappling with soaring shipping expenses. The cost of container transport is skyro...- Ocean freight carriers are ripe to compete in the airA.P. Moller-Maersk and CMA CGM are expanding into air freight by acquiring new Boeing and Airbus aircraft. The companies aim to diversify t...
- French shipping giant expects slump in cargo ratesCMA CGM SA anticipates lower ocean freight rates as new vessel deliveries boost capacity impacted by ship diversions to avoid the Red Sea c...
- France seeks first meeting for India-to-EU infrastructure linkThe EU last year announced its own plan, named the Global Gateway, to develop infrastructure and connectivity in emerging countries.
- Maersk, Hapag-Lloyd team up in shakeup of ship alliancesThe announcement from Copenhagen-based Maersk and Hapag-Lloyd of Hamburg, Germany, marks another retooling of the world’s three major shipp...
- Shipping giants want an end date for fossil fuel-only vesselsWhile the shipping sector is making some moves toward decarbonising, progress is relatively limited so far, with the vast majority of the w...
- Billionaire shipping scion warns of difficult time for industryThe outlook for the shipping sector has darkened considerably in recent months, with some of the largest container lines including A.P. Mol...
- World’s no. 3 container carrier warns against price warCMA CGM SA’s third-quarter net income fell 94% to $388 million from $7.04 billion in the same three months a year earlier.
- Shipping shifts from jackpot to job cuts after $364 billion boomOver the past 10 days, Maersk, Hapag-Lloyd and closely held CMA CGM SA of France — all top-five players that together control about one-thi...
- Global shipping costs creep higher after 16-month freefallDuring the peak pandemic, shipping rates skyrocketed tenfold to record highs as consumers started to load up on household items.
- Shipping companies are on a spending spreeMajor shipping firms are spending record profits on new models mostly from shipyards of Korea and China.
- Shipping giant CMA CGM paints gloomy outlook as profit plummetsThere has been a rapid downturn in the last six months of 2022 which has troubled the container transport industry.
- French shipping giant CMA CGM warns demand is deterioratingThe French transporter's gloomy outlook aligns with with European rivals Hapag-Lloyd AG and A.P. Moller-Maersk A/S.
- World’s largest ocean freight carrier launches air-cargo businessThe new business will led by Jannie Davel, a former managing director of cargo at Delta Air Lines Inc. who has also worked at Emirates and ...
- Going nuts: Walnut exporters look for ways around clogged US PortThe goal is to find an alternative to Oakland, a Bay Area port grappling with severe supply-chain snarls that have held up global shipments...
- Shipping giant CMA CGM sees softening of global freight ratesThe observations are in line with those of the World Trade Organization, which said this week merchandise trade flows slowed last quarter a...
- Shipping lines think spot rates have peakedThe price gains came as the economic recovery coincided with reduced shipping capacity, putting inflationary pressure on manufacturers in A...
- Container shipping giant freezes spot rates amid trade chaosGlobal supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor d...
- Ships resume docking at Ningbo port after two-week shutdownThe movement of ships is sparking optimism among shippers that operations will resume soon after no new cases of Covid-19 were discovered.
- The impression I had of India was wrong. It has changed: Rodolphe Saade"In India, it is becoming increasingly difficult for small to medium-size shipping lines to carry on. Only the big ones will survive."
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