CMA CGM warns of difficult 2026 due to overcapacity, weak demand

Rivals, such as Maersk, have also warned of pressure from declining freight rates.

Disruption to shipping through the Red Sea and Suez Canal, because of attacks by Houthi rebels in Yemen, has absorbed some capacity with ships taking a longer route around southern Africa.

A ceasefire in the Gaza war, which the Houthis cited as their reason for targeting vessels, raised expectations that traffic may return to normal. For now, CMA CGM is maintaining limited Suez transits when security allows, Fernandez said.