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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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EC predicts ferries 'may need to increase sailings' to cope with distancing
Commercial vehicle returns darken mood of European manufacturers
Rotterdam predicting throughput drop of up to 90 million tonnes; liquid bulk vessel queues lengthen
Maersk 'not seeking any government bailout'
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EC proposes reduction, waiver of port infrastructure charges
More than 1000 river cruise vessels idle as season begins; sector seeks bailout
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