Paris, France – Rodolphe Saadé, Chairman and CEO of the French shipping company CMA CGM, said the company expects an improvement in shipping traffic through the Strait of Hormuz in the coming days. However, he suggested that a full return to normal operations could take several months.
Improvement is expected, but gradual
In an interview with the French newspaper Les Echos, Saad explained that the group hopes for an improvement in shipping traffic through the Strait of Hormuz soon. However, the repercussions of the war and current operational challenges mean that a full return to normal activity will take longer.
The company’s ships within the Gulf
The CEO noted that CMA CGM has had a number of vessels in the Gulf region since the outbreak of the Iran-Iraq War, making the company among those directly affected by security developments and shipping traffic in the strategic waterway.
Implications for global trade
His Excellency’s remarks come as the global shipping industry continues to monitor the situation in the Strait of Hormuz. This waterway is one of the most important chokepoints for the transport of oil and goods worldwide, amid concerns that tensions will continue to affect supply chains and shipping costs in the coming months.
