CMA CGM spends $2.5bn on a dozen newbuilds at China’s Jiangnan

France’s CMA CGM has signed up for a fresh series of containership newbuildings in China. The Marseille-headquartered liner giant is being widely tipped as the owner behind a dozen LNG dual-fuel 18,000 teu vessels contracted at CSSC Jiangnan Shipyard. The order comes hot on the heels of the United States Trade Representative (USTR) agency’s proposal …

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