According to an article published in Reuters and authored by Gus Trompiz, CMA CGM expects activity in the shipping sector to bottom out during the second quarter.
Countries emerge from lockdowns
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.
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Source: Reuters
