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Smooth sailing on shipping front - for now

CMA CGM continues to see an upturn in its business in China, not impacted by operations in Europe yet

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Mr Sirat notes that in the long term, the group is likely to sell a stake in CEVA Logistics.

Singapore

FRENCH shipping group CMA CGM continues to see an upturn in its business in China, even as it remains braced for the second half of what its chief financial officer Michel Sirat terms a "W-shaped" recovery.

"If you look at the recovery, it should have the shape of a W....