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CMA CGM state loan guarantee is the start of a free-for-all

By Justin Stares

Why did French giant CMA CGM need state backing for its Euro 1.1 billion loan? There are two possible answers.

The first is that without the government backstop, the carrier might not have been able to raise enough money to plug its revenue hole.

CMA CGM was already...

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*updated* Euro MPs liken shipping sector crisis to World War II

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EC predicts ferries 'may need to increase sailings' to cope with distancing

May 18, 2020 (12:31) European Commission cruise virus

Commercial vehicle returns darken mood of European manufacturers

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Rotterdam predicting throughput drop of up to 90 million tonnes; liquid bulk vessel queues lengthen

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Maersk 'not seeking any government bailout'

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Are box terminals headed for a storage shortage crisis?

April 30, 2020 (15:16) virus

EC proposes reduction, waiver of port infrastructure charges

April 29, 2020 (14:32) European Commission ports virus

More than 1000 river cruise vessels idle as season begins; sector seeks bailout

April 27, 2020 (12:54) inland waterways virus
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