According to a LoadStar article written by Alessandro Pasetti, CMA CGM’s liquidity profile one of the most financially strained majors in the container shipping industry shows how an aggressive, opportunistic corporate strategy aimed at vertical integration of logistics services as well as new IFRS accounting rules can affect a company’s business.
It’s key financials are in stark contrast with those of the best-run Asian player, which could come to the rescue if it wanted to and the obvious suspect is the parent company Orient Overseas International Ltd (OOIL).
The article highlights by showcasing OOCL as a model on how to tackle such a situation.
Please read the full article on LoadStar.
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Source: The LoadStar
