Subscribe to RSS feedMSC, CMA CGM in Korean stand-off
Two of Europe’s largest containership operators are heading for a showdown with Korea Eximbank over demands for additional finance to cover the cost of newbuildings which were already financed and are ready to be delivered.
MSC one of several lines thought to be caught up in the stand-off
The position of the South Korean bank has infuriated owners, with a stand-off between the two sides which could result in political intervention.
Mediterranean Shipping Co and CMA CGM are said to be the companies most immediately caught up in the...
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