With Europe’s CMA CGM becoming the latest major container line to tap state aid, there are growing concerns that carriers will not compete on a level playing field post-coronavirus crisis, writes Mike Wackett in an article published in the LoadStar
What is it?- The Loadstar reported how CMA CGM secured a loan of €1.05bn loan from a consortium of banks, 70% guaranteed by the state, and which can be extended by up to five years.
- This followed South Korea’s $1bn bailout of its shipping sector,...
https://mfame.guru/state-bailouts-unfair-competitive-advantage-for-carriers/