Subscribe to RSS feedCMA CGM looks for 'maximum' cost savings
by
Andrew Spurrier - Lloyd's List
—
last modified
Oct 20, 2009 12:00 PM
French container shipping group CMA CGM has reaffirmed its confidence in its capacity to return rapidly to profit, despite highly-publicised difficulties with banks over its US$5.6bn debt.
The group, which is looking to regain the initiative after the recent negative media coverage since its financial difficulties came to light, has indicated that it is unwilling to contemplate the prospect of failure in its debt rescheduling talks with...
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