Samsung Hits CMA CGM With $186 Million Shipping Complaint
Samsung Electronics America is seeking at least $186 million from CMA CGM in a new complaint before the Federal Maritime Commission, accusing the French shipping giant of sticking it with...

PARIS, Feb 2 (Reuters) – Shipping group CMA CGM on Friday suspended until further notice all crossings by its vessels of the Bab al-Mandab Strait in and out of the Red Sea due to security risks, a source familiar with the matter said.
The decision was taken after the latest attacks on vessels by Houthi militants in Yemen, including the targetting this week of a convoy containing CMA CGM-operated ships, the source said.
The move means CMA CGM joins other major shipping firms in suspending transit through the southern Red Sea, disrupting the main route for trade between Asia and Europe.
CMA CGM, one of the world’s largest container shipping lines, has already redirected some of its services around southern Africa but had continued to send some ships through the Red Sea, notably supported by French navy escorts.
(Reporting by Gus Trompiz;Editing by Richard Lough and Angus MacSwan)
(c) Copyright Thomson Reuters 2024.Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up