Red Sea return different approaches – CMA CGM retreats as Maersk doubles down

ICTSI Ecuador ready for mega vessels. Contecon Guayaquil SA, the Ecuadorian unit of International Container Terminal Services, Inc. (ICTSI) recently welcomed megavessel CMA CGM Cochin of Chinese flag with 337 meters in length, 48.20 meters in beam, 119,000 deadweight tons (DWT) and has a capacity of 10,010 TEUs last 1 May. With the recent dredging of the 95-kilometer main access channel leading to the country’s primary seaport, the Port of Guayaquil is now able to receive larger vessels serving the intra-Pacific trade.

After Maersk committed to structural Suez normalization, CMA CGM reversed course exposing fundamental disagreement over Red Sea return.

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