Subscribe to RSS feedCMA CGM steps up pressure on South Korean shipyards
by
Janet Porter and
—
last modified
Dec 10, 2009 02:29 PM
CMA CGM’s immediate future could rest with South Korean shipbuilders, which must decide within the next few weeks whether to reschedule the French line’s huge orderbook.
Banks engaged in debt restructuring talks were apparently demanding more newbuilding delivery and payment delays before agreeing to bail out CMA CGM, Lloyd’s List understands.
However, CMA CGM last week denied banks were calling the shots and said it wanted...
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