CMA CGM CEO warns against relying on Hormuz reopening
CEO Rodolphe Saade says the shipping group will use alternative routes to the Gulf. The firm expects $300 million in extra costs for the first half of 2026.
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CMA CGM Chairman and CEO Rodolphe Saade warned that shipping through the Strait of Hormuz may never return to pre-war stability. The group is currently transporting only one-third of its usual container volume to the Gulf as the conflict in Iran continues to obstruct the waterway. For investors, the shift signals a permanent increase in logistics costs and long-term volatility for energy flows.
