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, …
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Source: The Loadstar