CMA CGM confirms Chinese pressure after sky high container rates
As the first big container line, CMA CGM now confirms that China is putting pressure on container majors, as described by ShippingWatch a few months back. According to CMA CGM's chief executive, China wants to cap rates, he tells Financial Times.
By Ritzau Finans & ShippingWatch
French container major CMA CGM now confirms that China is putting pressure on the large container lines to put a cap on the record high rates that have been pushed up by a recovery in demand in the wake of the coronavirus crisis, says the French company's CEO Rodolphe Saadé in an interview with Financial Times.
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