Paris - French shipping group CMA CGM said on Friday,
6 Feb, that its activity in China was getting back to normal after the
coronavirus outbreak disrupted traffic last month and that the shipping sector
should see a rebound in the next
CMA CGM, the world’s fourth-largest container shipping
firm, expects to return to normal
fleet capacity in China from mid-March, it said in a results
The group posted a net loss of $229 million for 2019, compared with a $34 million
profit the previous year, citing the effects of an accounting rule change and
the acquisition of loss-making Swiss firm CEVA Logistics.
It also announced the renewal of $535 million in credit lines that had been due to
expire this year and which would now run to 2023.