CMA CGM: The cost of using alternative routes to avoid the Strait of Hormuz is estimated at approximately $300 million during the first half of 2026.

PARIS, June 9 (Reuters) - Rodolphe Saadé, chairman and chief executive of French shipping company CMA CGM, said on Tuesday that it was "not wise" to assume that the situation in the Strait of Hormuz would return to what it was before the war with Iran.

He added during a session in the French parliament that the company, the world's third largest container shipping company, may continue to offer transportation solutions to its customers to avoid passing through the strait.


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