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K Line Readies for Major Loss, Starts Structural Reform

Posted By Tony Sanchez / Uncategorized / 0 Comments

March 7, 2019 Japanese shipping major K Line is to launch a significant structural reform in order to improve its profitability from fiscal year 2019. Namely, the company plans to cancel charter contracts for containerships and small and medium sized dry bulkers worth around JPY 50 billion (USD 447 million) and reduce its market exposure. […]

Alphaliner: CMA CGM Debt Could Reach USD 15 Bn in 2019

Posted By Tony Sanchez / Uncategorized / 0 Comments

March 7, 2019 After recording a total debt of USD 9.18 billion at the end of 2018, the French shipping major CMA CGM is expected to see its debt surge to USD 15 billion in 2019, according to data provided by Alphaliner. Namely, the company’s new capital expenditure requirements and the consolidation of CEVA Logistics’ debt, as […]