French container giant orders more ships

Maersk Line's announced partners continue their aggressive expansion plans while the authorities are considering the fate of the planned P3 alliance.

BY OLE ANDERSEN

An improved balance in the company and new financing from Chinese shipyards leads French CMA CGM, the world's 3rd largest container carrier and partner in the announced P3 alliance with Maersk Line and MSC, to increase the amount of 16,000 teu ships the carrier plans to order

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Halvor Sveen is chief executive of Oslo-based shipping bank Maritime & Merchant. | Photo: Marine Money/Oscar May

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French container giant orders more ships

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs