CMA CGM ship hit by missile in Hormuz strait may go for scrapping, CEO says

According to Channel NewsAsia, a container ship operated by CMA CGM was struck by a missile while transiting the Hormuz Strait. The impact caused extensive damage, prompting the company's CEO to consider scrapping the vessel rather than pursuing costly repairs. The incident underscores ongoing security concerns in one of the world's most critical shipping lanes, which handles millions of barrels of oil daily.

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