CMA CGM and Hapag-Lloyd Halt Cuba Bookings Following US Executive Order
Shipping companies CMA CGM and Hapag-Lloyd have suspended all bookings to and from Cuba, citing a US executive order issued on May 1. This order broadens existing US sanctions on commerce with Cuba, affecting sectors such as energy, defense, metals, mining, financial services, and security. The suspension by these major shipping companies could impact up to 60% of Cuba's shipping traffic, posing a significant challenge to the country's economy, which is already struggling due to a US oil blockade. 
