France's CMA CGM Suspends Cuba Bookings After US Executive Order

[El Presidente]

France's CMA CGM Suspends Cuba Bookings After US Executive Order

PARIS, May ⁠17 (Reuters) - ⁠French shipping ⁠giant CMA CGM has suspended all bookings ‌to and from ‌Cuba ⁠until ⁠further notice, it said on Sunday, citing a U.S. Executive Order issued on May 1.

“Following the U.S. ⁠Executive ⁠Order issued ⁠on May 1, CMA CGM has decided to ⁠suspend its bookings to or from Cuba ⁠until further notice,” the company said in ⁠an emailed statement to Reuters. It added that it was “closely monitoring the situation” and would adapt its operations ⁠in compliance with applicable regulations.

https://money.usnews.com/investing/news/articles/2026-05-17/frances-cma-cgm-suspends-cuba-bookings-after-us-executive-order

[JohnS]

Out of all the current Cuba stories we have running currently on our forum, this news may be the most far-reaching in terms of the economic outlook for Cuba. Reuters has just reported (article cited below) that shipping company Hapag-Lloyd has also joined CMA CGM in suspending all shipping to and from Cuba after that U.S Executive Order was signed on May 1st. It's hard not to see others following suit in not shipping out goods out of Cuban by sea or air for fear of US economic sanctions. If things weren't bad enough in terms of producing Habanos cigars currently, this surely must be the beginning of the proverbial 'final nail in the coffin', so-to-speak, if Cuba can't even export their products out of their country.

[JohnS]

Shippers Hapag-Lloyd, CMA CGM suspend Cuba bookings after US executive order

By Gus Trompiz, Christoph Steitz and Dave Sherwood - May 18, 20263:48 AM GMT+10 Updated 1 hour ago

Hapag-Lloyd containers at a loading terminal at the harbour in Hamburg, Germany, April 7, 2025. REUTERS/Fabian Bimmer

Logos of CMA-CGM shipping company are seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo 

PARIS/FRANKFURT/HAVANA, May 17 (Reuters) - Shipping giants CMA CGM and Hapag-Lloyd (HLAG.DE), opens new tab said on Sunday they had suspended all bookings to and from Cuba ‌until further notice, with both citing a U.S. executive order issued on May 1, in the latest blow to the crisis-wracked island's economy.
The temporary suspension of new orders by two of the world’s largest shipping companies could jeopardize as much as 60% of Cuba's shipping traffic by volume, two sources with direct knowledge of the situation said - a fresh hit to a country already nearing collapse amid a U.S. oil blockade that has throttled the island's fuel supply.

“Following the U.S. Executive ⁠Order issued on May 1, CMA CGM has decided to suspend its bookings to or from Cuba until further notice,” the French company said in an emailed statement. It added it was “closely monitoring the situation” and would adapt its operations in compliance with applicable regulations.

A Hapag-Lloyd spokesman said the German company was similarly suspending Cuban orders "due to compliance risks associated with the U.S. president's executive order of May 1."

The Cuban government did not immediately respond to a request for comment.

The Trump executive order on May 1 broadened existing U.S. sanctions on commerce with Cuba to include "any foreign person" operating in the "energy, defense and related materiel, metals and mining, financial services, or security sector of the Cuban economy, or any other sector of the Cuban economy."

Shipping of goods from China would be most ‌impacted, the ⁠sources said. Northern Europe and the Mediterranean would also be severely impacted, the sources added, though all global shipping to Cuba would be affected.

One key consideration in the suspensions, the sources said, was rooting out any shipping to or from the communist-run island and linked to Gaesa, a sprawling business conglomerate tied to Cuba's military that has been heavily sanctioned by the United States.

The same U.S. executive order earlier this month prompted Canadian ⁠miner Sherritt International (S.TO), opens new tab to pull out of its nickel and cobalt mining operations in Cuba after decades of investment.

The shippers' decision, first reported by online media outlet CiberCuba, would be devastating for Cuban imports critical to keeping shelves stocked with provisions in a country already racked by shortages and ⁠rationing.

The sources said several options were on the table for Hapag-Lloyd and CMA CGM. The shippers could decide to permanently halt shipping to Cuba, or, alternatively, they could strike a deal with the administration of U.S. President Donald Trump in which they are allowed ⁠to continue to ship only to Cuba's private sector.

The latter option, the sources said, would keep with the Trump administration's strategy to give private business in Cuba a leg up over the state sector.

Reporting by Gus Trompiz, Christoph Steitz and Dave Sherwood; Additional reporting by Natalia Siniawski; Writing by Mathieu Rosemain and Christian Plumb; Editing by Barbara Lewis and Chris Reese.

Source: https://www.reuters.com/world/americas/frances-cma-cgm-suspends-cuba-bookings-after-us-executive-order-2026-05-17/