13/05/2020at 11:13

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

by KATRINE GRØNVALD RAUN

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.

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

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Related articles:

Saadé mid-crisis: We must rethink our supply chain models

Virus outbreak could reduce already weak balances for shipping lines

Moody's lowers credit rating for Ceva Logistics

Sign up for our newsletter

Front page now

Maersk divests historic ship – was world's biggest in 1997

Port of Rotterdam expects regular bunkering of methanol by the summer

Drewry director eyes one central weakness in Maersk's strategy

Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Further reading

Drewry director eyes one central weakness in Maersk's strategy

End of 2M alliance could trigger a domino effect

Car carriers have rarely seen such profits: "We are probably at an all-time high"

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