CMA CGM, the world’s third-largest container shipper, said demand for cargo space on its Asia-to-Europe routes is recovering in the wake of the recession, while U.S.-Asia routes remain stagnant. “We’re not in a state of euphoria, but the number of positive signals we’re getting is growing from day to day,” said one executive. “We’re seeing the same trend on most routes. The one exception is the trans-Pacific, where we’re still looking at ways to trim capacity.”
