M/V CMA CGM Alexander Von Humbolt. File Photo: MarineTraffic.com/FBN Raiger An ultra-large containership belonging to CMA CGM is bypassing the Suez Canal on its return trip to Asia, adding some 3,000 miles and five days to the journey as impacts of coronavirus and low oil prices ripple across the supply chains. The 16,022 TEU capacity CMA CGM Alexander Von Humbolt last … [Read more...]
CMA CGM Marco Polo Cleared of COVID-19
M/V CMA CGM Marco Polo. File photo: CMA CGM Group French shipping giant CMA CGM has confirmed that health officials have cleared CMA CGM Marco Polo crew members of COVID-19 after a crew member fell ill after sailing from Southampton. Tests were conducted after the ship docked in Algeciras, Spain earlier this week with one crew member experiencing flu-like symptoms … [Read more...]
CMA CGM Sees China Operations Returning to Normal
By Sheila Fitzgerald / Shutterstock PARIS, March 6 (Reuters) - French shipping group CMA CGM said its operations in China were returning to normal after the coronavirus outbreak crippled traffic last month, forecasting the global health crisis would have a limited impact on its performance this year. The world's fourth-largest container shipping firm … [Read more...]
CMA CGM: Business Operations Entering ‘Recovery Phase’ from Coronavirus
File Photo: Sheila Fitzgerald / Shutterstock CMA CGM said business operations appear to be recovering from impacts of the novel coronavirus outbreak in China. The welcomed news was provided in an update to CMA CGM customers on March 2. “Manufacturing activities are gradually picking up, more port workers and truck drivers are returning to their posts, and … [Read more...]
CMA CGM’s Debt Plan Seen at Risk Amid Virus Fears
Photo: foto-select / Shutterstock By Antonio Vanuzzo and Laura Benitez (Bloomberg) -- The coronavirus outbreak is threatening to scupper a debt refinancing for the world’s third-largest container shipping company. France’s CMA CGM SA is aiming to start refinancing its debt pile by the end of next month. The Marseille-based company, one of the biggest maritime … [Read more...]