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CMA CGM chief signals return to acquisitions

by Lloyd’s List — last modified Jul 29, 2011 12:21 PM

CMA CGM is preparing to look for new building investments, chairman and chief executive Jacques Saadé told Lloyd’s List.

CMA CGM is looking at a new period of expansion.

Mr Saad expects the company to remain in the black in 2011 despite weak freight rates on major east-west trades.

He forecasts an improvement in market conditions next year and beyond, however, enabling CMA CGM to pursue projects which were placed...

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