State Bailouts Unfair Competitive Advantage for Carriers!

Capt. John

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/

Leave a Comment