ShippingWatch

CMA CGM bags billion-euro loan with support from the French state

France's CMA CGM has secured a syndicated loan of EUR 1.05 billion from three banks. The loan is part of the French state's loan guarantee and helps to make it through the coronavirus crisis.

Photo: Benoit Tessier/Reuters/Ritzau Scanpix

CMA CGM has now made use of a loan guarantee from the French state aimed at helping the country's companies through the coronavirus crisis.

The French container shipping line has secured a loan of EUR 1.05 billion from a consortium of the three banks BNP Paribas, HSBC and Société Générale, says the company in a press release.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Finnlines sees gains despite Covid-19 restrictions

Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs