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Day: October 19, 2009

New CMA CGM initiative sets stage for higher rates

Shippers of ocean reefer containers look set to be hit by a double-whammy of rising costs over the next year. Industry sources expect rising volumes and anticipated capacity/equipment shortages to help shipping lines push up...

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Dialogue with Greek strikers continues

Government spokesman George Petalotis on Thursday said the government had not considered action to declare a strike by Piraeus port dock workers illegal and abusive. Petalotis said the government’s obligation was to handle...

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CMA CGM Aims to Delay 49 Ship Deliveries

CMA-CGM wants to delay the delivery of 49 ships it has ordered and is scheduled to receive within the next three years, its CEO Rodolphe Saade said Monday. He said CMA-CGM’s revenue fell almost 30 percent in the first half of...

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