“The transport and logistics market remains depressed,” shipping giant CMA CGM says
sketched out a sombre outlook for the shipping industry, with the world’s third-largest container line saying freight rates remain weak and a steep slump in US demand for goods out of China isn’t over.Rodolphe Saade
and his family said in an earnings statement Friday. Sluggish economic growth and persistent inflation is expected to weigh on consumer spending for the rest of the year, while deliveries of new vessels in the market could hurt rates.
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