No Surprise

As a private company no one knew for sure, but given the performance of the publicly reporting container lines, CMA CGM’s announcement on Tuesday that it had reached an agreement on the formation of a “creditors” committee consisting of French, European and international banks, including major financial institutions from Asia and the Republic of Korea, was no surprise. The purpose of the committee is to propose suitable measures to address the group’s short-term and medium term financing requirements with a view to strengthening the company’s capital structure and in so doing ensuring CMA CGM’s future. Given the company’s size and

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