Shipping giant CMA CGM reports loss amid US-China trade war
Increased orders from Southeast Asia reflect a shift in sourcing of goods from China to countries such as Vietnam, says world’s fourth-largest container shipping firm
29 May 2019 - 20:20
Paris — Shipping giant CMA CGM expects volumes to continue growing in 2019 as increasing activity from Southeast Asia towards the US helps make up for the slowing China-US trade that dragged on its first quarter.
French-based CMA CGM, the world’s fourth-largest container shipping firm, reported on Wednesday a first-quarter net loss of $43m, compared with a $77m loss in the same period on 2018...
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