More state bailouts spark claims of ‘unfair competition’ among container lines

With Europe’s CMA CGM becoming the latest major container line to tap state aid, there are growing concerns that carriers will not compete on a level playing field post-coronavirus crisis.
The Loadstar reported yesterday on a €1.05bn loan secured by CMA CGM from a consortium of banks, 70% guaranteed by the state, and which can be extended by up to five years.
This followed South Korea’s $1bn bailout of its shipping sector, …

The post More state bailouts spark claims of ‘unfair competition’ among container lines appeared first on The Loadstar.

Source: The Loadstar

Be the first to comment on "More state bailouts spark claims of ‘unfair competition’ among container lines"

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

*