The world’s third-largest container shipping line, CMA, CGM, is seeking capital from outside investors for the first time in an attempt to tackle a liquidity crisis that has dragged on for months and left it unable to complete payments for new ships. The fresh capital injection is part of a wider restructuring package which, if completed, would allow the company to access a $500m loan facility its lenders agreed in principle to make available in December. So far CMA CGM has been able to access only $80m of the facility. However, talks between the company and its potential investors have been dragging on.
