More warning signals on cooling off the freight market and shipping demand emerged. The French shipping major CMA CGM SA warned of a steep fall in demand until this year, extending a slump that resulted in a more than halving of quarterly profit.
A downturn that started in the second half of last year “remained at play this year, as market conditions in the logistics and transport industry continue deteriorating, the third-largest container line in the world, controlled by Rodolphe.
Saade, the...