CMA-CGM’s proposed purchase of the shipping interests of the Bollore group (Delmas and OATL) would move it up from the world’s 5th to 3rd largest container liner operator, with a fleet capacity of
475 000 TEUs.
Shanghai Containerized Freight Index (SCFI) spot rates collapsed on Pacific trade routes with a sharp decline of 31% to the US West Coast and 23% to the East Coast.