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Freight rates nearly double but carriers have capacity to address diversions & longer voyages compared to pandemic yrs

MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions

MSC, CMA CGM halt Red Sea sailing after attacks; only positive - Panama Canal increases crossings from January 2024

HMM’s score in Q3, however, was actually worse than Q2, jumping 17.4 points on the CEI to 72.7

Further normalisation of transport and logistics markets; Group maintains operating cost discipline

CMA CGM renames GCT Bayonne and New York terminals as Port Liberty New York and Port Liberty Bayonne

Schedule reliability has been ranging within two percentage points since March 2023

CMA CGM signs non-binding LoI with Renault & Volvo to join new company, invest €120mn through PULSE, its energy fund

Carrier partners supporting plan have set goals to deploy reduced or zero lifecycle carbon capable ships by 2025

Maersk & CMA CGM will work together to develop use of alternative greener fuels for container vessel propulsion

Acquisition expands CMA CGM’s U.S. East Coast footprint, strengthening Group’s position as global terminal operator

The acquisition of La Méridionale marks a new milestone in the development of CMA CGM’s specialized shipping division