Carriers invoke Force Majeure as ships begin to pile up off East and Gulf coasts
NewsContainer shipping companies, including CMA CGM, Ocean Network Express (ONE), and COSCO, are invoking force majeure due to the impacts of ongoing ILA strike.
CMA CGM, the world’s third largest shipping line, is investing in a container tracking company that is part of a wider group of businesses developing a big data product for shippers. The French line has contributed capital to commercialise a tracking system being developed by French Start up Traxens, along with two other investors, CAAP Création (Crédit Agricole Group) and SCR Provençale et Corse (BPPC Group).
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