The easing of tariffs between China and the United States has driven trade recovery, and the freight of shipping giants has soared

Shipping giant CMA CGM of France is facing a sharp increase in export freight demand from China, indicating that trade is reaping after China and the United States reached a truce agreement to lower tariffs in the trade war.

The world's third-largest container shipping company, controlled by billionaire Rodolphe Saade and his family, said the surge in demand began after a 90-day tariff cut was announced this week.

Ramon Fernandez, the chief financial officer of CMA CGM Group, said at the earnings conference for the first fiscal quarter on Friday (May 16th) : "Trade on this route will recover very rapidly in the coming weeks and months." The China-Us agreement is undoubtedly a positive signal for maritime transportation.

Bloomberg quoted Fernandes as saying that after the two major economies of China and the United States imposed triple-digit tariffs on each other, the freight booking volume from China to the United States of this shipping company headquartered in Marseille, France, has decreased by about half. The recent rebound is similar to the decline at the beginning.

He said, "There will definitely be a large number of rush shipments. No one knows what will happen in 90 days. So we can expect that all the goods that need to be dispatched will be dispatched in the first half of the year."

Danish shipping giants A.P. Moller-Maersk A/S and A.P. Moller-Maersk A/S of Germany both said that their business volumes were also increasing this week.

The financial report of CMA CGM SA shows that the profit in the first fiscal quarter was 1.12 billion US dollars, compared with 785 million US dollars in the same period last year. This shows that despite the turmoil in the global trading system, the company is still highly profitable. The transportation volume increased by 4.2% and the sales volume increased by 11.5%.

The United States intends to impose additional charges on Chinese-made cargo ships

In addition to tariffs, the Trump administration also intends to take action against the so-called China's maritime dominance. The Office of the United States Trade Representative has formulated a plan to impose fees on cargo ships made in China.

Fernandes said that the destructive nature of the US move was not as great as initially feared, noting that less than half of CMA CGM's ships were manufactured in China.

"We can adjust our fleet and have ships built elsewhere dock at US ports," he said. "This is controllable and we will make adjustments."

Last year, CMA CGM, COSCO Shipping, Evergreen Marine and Orient Overseas Container Line renewed their Ocean Alliance cooperation until 2032.

Fernandes said on Friday that the Trump administration has not yet raised inquiries about the company's cooperation with relevant Chinese shipping companies.

According to the Bloomberg Billionaires Index, the Saad family's wealth amounts to 38.4 billion US dollars.