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CMA CGM's acquisition of Ceva Logistics strains financials

CMA CGM's debt has become too high following the French container shipping company's full-scale entry into the logistics sector at a time when demand has slowed, uncertainty is rising and the number of large vessels is growing.

Photo: PR / CMA CGM

CMA CGM's acquisition of Swiss-based Ceva Logistics less than a year ago for USD 1.7 billion has become a financial burden for the French container shipping line.

At any rate, this is the view if one asks some of the credit rating bureaus and banks that make a living from analyzing the shipping company's finances and assessing its ability to repay its debt.

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