COPENHAGEN, Oct 26 (Reuters)– Other container delivery companies might sign up with Hanjin Shipping Co Ltd in receivership prior to the sector arises from its existing shakeout, the vice chairman of globe number 3 gamer CMA CGM claimed on Wednesday.

South Korea’s Hanjin applied for security from lenders in late August, stranding $14 billion in freight and also sending out shockwaves via international profession networks. (nL3N1BC18V)

Outlining his forecasts for the following 3 to 5 years for a market fighting with overcapacity and also slow need, CMA CGM Vice Chairman Rodolphe Saade claimed debt consolidation was “the name of the game”.

Bringing products prices to all-time low was not the solution, nevertheless.

“There will be a price war but we need a ‘decent’ price war,” he claimed in a discussion at the Danish Maritime Forum in Copenhagen.

The French team was established in 1978 by Rodolphe Saade’s papaJacques (Reporting by Nikolaj Skydsgaard Writing by John Stonestreet; Editing by Mark Potter)

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