This is why CMA CGM will hand a major order to China
According to ShippingWatch's sources, CMA CGM will place its hotly-discussed order at Chinese yards for nine of the world's largest container vessels within a few weeks. It is part of a package which will benefit both China and the French carrier. Port and terminal rights are allegedly part of the deal.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.