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Wednesday, September 30th, 2020
Home » Tag Archives: CMA CGM Financing

Tag Archives: CMA CGM Financing

CMA CGM take $1.1 billion French government loan to boost cash during crisis

REUTERS, May 14, 2020 PARIS (Reuters) – Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade. The loan, secured from a consortium of banks comprising BNP Paribas (BNPP.PA), HSBC (HSBA.L) and …

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Shipping line CMA CGM’s boss says he expects a 30% business drop in May

Close up on a stack of shipping containers with the logo CMA CGM on each

PortandTerminal.com, April 8, 2020 MARSEILLE, FRANCE – Rodolphe Saadé, the CEO of CMA CGM, the world’s fourth-largest container shipping company, is anticipating May will be the slowest month for box movements across the globe thanks to the coronavirus. Saadé, who was interviewed by the French newspaper Le Figaro on April 5th, said he was confident that utilisation rates on his ships …

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How much financial trouble is CMA CGM in right now? The markets think a lot.

The CMA CGM Tower by the water with a CMA CGM cargo ship visible floating underneath it

PortandTerminal.com, March 8, 2020 “Indebted liner operators face their highest risk of bankruptcy than at any point in the past decade,” says consultancy firm AlixPartners and CMA CGM is highly indebted. MARSEILLES, FRANCE – How much financial trouble is CMA CGM in right now? While the company says that it sees things returning to normal in China, investors are betting …

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CMA CGM Debt Plan At Risk Amid Virus Fears

Container ship at sea. Blue hull. Marked CMA CGM on the side

BLOOMBERG, February 26, 2020 CMA CGM is trying to refinance $400m in credit lines in March. The company moves more than 10% of containers out of Asia By Antonio Vanuzzo and Laura Benitez for BLOOMBERG – The coronavirus outbreak is threatening to scupper a debt refinancing for the world’s third-largest container shipping company. France’s CMA CGM SA is aiming to start refinancing its debt pile by the end …

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