CMA CGM on a green path

The US Federal Maritime Commission secured over $2.3 million in penalties and business practice reforms from three companies through compromise agreements.

Weaker market impacts CMA CGM’s Q1 results, with a 7% decline in revenues and a more than 30% profit decrease compared to the strong Q1 performance of the previous year.

MSC is poised to increase size gap over CMA CGM, and Maersk will become the second-largest carrier; Hapag-Lloyd aims to maintain top-5 status.

Cargo bound for Finland will still be loaded as scheduled, with transhipment in Tallinn, albeit with an additional freight adjustment of EUR 350 per container.

No new export or import bookings will be accepted to Baltimore until further notice. Alternate discharge ports will be available including Norfolk or New York.

The partnership will facilitate seamless door-to-door transportation services across the entire market, enhancing efficiency and reducing carbon emissions.