25/11/2022at 21:00

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in Q3.

by ASTRID STURLASON

The container carriers’ time with large profits and sky-high freight rates is coming to an end.

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Maersk group head at the time Jess Søderberg, Mærsk Mc-Kinney Møller, the Queen of Denmark, Margrethe II, and Prince Henrik of Denmark in 1997 when the ship was launched. | Foto: Carsten Andreasen/Ritzau Scanpix

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CMA CGM expects sharp decline in freight rates

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Related articles:

France launches maritime climate plan to make domestic shipping greener

Søren Skou on competitors: Good thing everyone isn't chasing the same strategy

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

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

Collapse in freight prices makes life easier for European consumers

Markets can handle Covid in China: "It’s the lack of demand that drag things down"

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Jobs

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