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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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MRV: European Commission says database is now robust

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Waste reception: recovery timeline unclear following collapse of recycled oil market

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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

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Hapag-Lloyd Cruises, RCCL, TUI: proposed deal reaches Brussels

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Europe's ferry operators hope to save the summer season

Al Salam Boccaccio 98 disaster: EU judges open the door to claims against Italy's Rina by survivors and victims' relatives

May 7, 2020 (15:41) classification Italy RIna

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

May 7, 2020 (11:15) ports Netherlands virus
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