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...Rodolphe Saadé, chief executive of CMA-CGM, told the Financial Times in early March that it could take “five or 10 years” for India and south-east Asia to build terminals for large ships and “play a different...
...Almost all of the world’s largest container shipping lines including MSC, AP Møller-Maersk and CMA CGM are no longer sending vessels through the Red Sea that goes to and from the Suez Canal, while oil majors...
...Meanwhile, the world’s third-biggest container shipping group CMA CGM said earlier today that some of its vessels are continuing to go through the Suez Canal but warned of scheduling chaos and that clients...
...CGM abandons bidding for UK logistics specialist Wincanton (FT) UK’s IWG to report in dollars as it weighs US listing (FT) UK telecoms specialist Spirent agrees to £1bn takeover offer from US rival (FT...
...Like its rivals, CMA CGM has been using the cash amassed during the boom to fund an acquisition spree....
...The CMA’s provisional findings follow a 2021 decision by the European Commission, which found seven banks — Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) —...
...News round-up Saudi Arabia sought central role in professional golf (FT) A glass house for Elon Musk sparks internal Tesla probe (WSJ) Bank of America to pay $250mn for overdraft and credit card abuse...
...The CMA argued Microsoft could make Activision’s games exclusive to its own cloud gaming service....
...In Europe, TotalEnergies has partnered with Veolia to produce biomethane from waste water, while Engie and container shipping giant CMA CGM in June agreed to co-invest in a biomethane plant in the French...
...After two years of bumper profits, shipping groups from CMA-CGM to Hapag-Lloyd have warned investors of the risk to their bottom line....
...Bank of America plans to cut as many as 4,000 jobs before the end of June. Abrdn is axing about a fifth of its multi-asset team....
...CMA CGM holds 49 investments in port terminals around the world....
...In logistics news, shipping lines CMA CGM, MSC and Maersk all halted bookings going to and from Russia last week. CMA CGM has also banned all bookings going to and from Belarus....
...Bank of America has appointed Roman Meyer to the newly created role of head of strategic equity solutions for Europe, the Middle East and Africa, based in London....
...News round-up Saudi Arabia’s PIF acquires 5% stake in Nintendo (FT) Barclays doubles stake in Australian investment bank Barrenjoey (FT) Shipping group CMA CGM to take Air France-KLM stake under cargo...
...Significantly, the companies have explicitly ruled out using ships that run on liquefied natural gas, which puts pressure on groups such as France’s CMA CGM to power those vessels with green methane, or...
...Cheng Chairman, Yang Ming Marine Transport Corp Matthew J Cox Chairman & Chief Executive, Matson Inc Thomas B Crowley Owner & Chief Executive, Crowley Maritime Eli Glickman President & Chief Executive,...
...China is putting pressure on CMA CGM, one of the world’s biggest shipping companies, to keep a lid on record container freight costs, which have been driven up by a recovery in demand following the coronavirus...
...Shipping groups such as Denmark’s AP Moller-Maersk, the world’s largest container shipping line and vessel operator, Swiss-Italian MSC, Germany’s Hapag-Lloyd and CMA CGM of France have struggled to deliver...
...Stakes are high for large shipping companies such as Maersk, CMA CGM and Cosco, and commodity traders such as Trafigura and Cargill that have strived to drive transport costs down, with decarbonisation estimated...
...French carrier CMA CGM last month purchased four Airbus aircraft that will fly between Europe and North America to offer “agile solutions” to its customers....
...Lex says the CMA fears eBay retaining a 33 per cent voting stake in Adevinta could influence its decision-making. 2....
...CMA CGM, one of the world’s biggest shipping companies, admitted in November that China’s ministry of transport had put pressure on them to keep a lid on prices....
...CGM....
...Great news for the CMA, whose chief executive Andrea Coscelli has been publicly relishing the chance to “take back control — genuinely — of the decisions”....
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