CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from lockdowns to curb a coronavirus epidemic and ship operators adjust capacity, the group’s finance chief said.
French-based CMA CGM, the world’s fourth-largest container shipping line, was anticipating a 15% year-on-year drop in its volumes in the second quarter, after a 4.6% decline in the first quarter, Chief Financial Officer Michel Sirat said.
Source: Reuters
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