Hapag-Lloyd and CMA CGM Suspend Cuba Bookings Following U.S. Executive Order
Shipping companies CMA CGM and Hapag-Lloyd have suspended all bookings to and from Cuba, citing a U.S. executive order issued on May 1. This decision could affect up to 60% of Cuba's shipping traffic, exacerbating the island's economic challenges amid a U.S. oil blockade. The executive order expands U.S. sanctions to include foreign entities operating in various sectors of the Cuban economy. The suspension impacts shipping from China and other regions, with potential long-term effects on Cuba's import-dependent economy. The move follows similar actions by other companies, such as Canadian miner Sherritt International, which ceased operations in Cuba. 
