World’s No. 3 Container Carrier Warns Against Price War
- French transporter reports third-quarter net drops 94%
- Marseille-based company has about 100 vessels on order
Shipping containers on board a CMA CGM SA ship at the Port of Savannah in Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
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CMA CGM SA, the world’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels threatens to push global shipping to a protracted slump.