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.

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

“We are not planning any additional ship orders in 2013, but we have increased to nine the series of vessels of 16,000 TEUs, and these will most probably be delivered in 2015,”  says Rodolphe Saade, CEO of CMA CGM, to Journal of Commerce.

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