Shipping Giants Suspend Cuba Bookings Over US Order
Shipping giants CMA CGM and Hapag-Lloyd have halted all bookings to and from Cuba following a United States executive order issued on May 1. The suspension could affect up to 60% of the island's shipping traffic by volume, further straining an economy already facing severe fuel shortages and sanctions.
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HAPAG-LLOYD AG and CMA CGM suspended all Cuba bookings on May 17, following a United States executive order. The move responds to May 1 sanctions targeting energy, metals, and financial sectors within the Cuban economy. Two people familiar with the matter said the suspension could halt 60% of the island's total shipping volume.
