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MSC and Maersk Unwind Transatlantic Fleets as Rates Plummet, CMA CGM Set to Overtake Maersk
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Overview
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MSC and Maersk are unwinding their transatlantic fleets as rates hit new lows, with the transatlantic tradelane being the latest route to be split into separate services operated by the partners. CMA CGM, a French container line, is set to overtake Maersk as the second-largest container line in the world with its orderbook of 122 ships, surpassing Maersk's fleet capacity of 683 ships.
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How will the changes in the transatlantic fleets impact the shipping industry?
What challenges might CMA CGM face in surpassing Maersk as the second-largest container line?
What factors have contributed to the decline in rates on the transatlantic routes?
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