The French liner joined the ranks of its profitable peers, announcing Friday that its net profit rose 2% to $5.7 billion last year on an 18% rise in revenue to $55.5 billion.
The measures are the latest in a series of support packages announced by South Korean trade organizations and government bodies to help the country’s small and medium-sized exporters weather capacity restrictions and volatile freight rates.
Cheetah Chassis and Stoughton Trailers contend that the same trade practices that led to an influx of low-cost Chinese chassis are now occurring with imports from the other three nations, causing significant financial harm to US producers.