CMA CGM to Set Up Subsidiary

According to Dyna Liner, CMA CGM is considering the set-up of a to be floated ship-investment company.

Transferring a part of its huge orderbook (some 80 ships with 580,000 TEU) to such a finance vehicle would allow the French line to free up capital for further expansion. According to Lloyd’s List, a number of well-known liner shipping executives may become involved in the management.

Source: Seanews