Further Hurdles for Cuba’s Trade

The shipping companies CMA CGM and Hapag-Lloyd have temporarily suspended new container transports to and from Cuba, as reported by various media outlets, including the French news channel France24. The background is a decree issued by the U.S. government on May 1, which tightens sanctions against the Caribbean island.

As both companies stated, no new bookings for Cuba will be accepted until further notice. This measure is in connection with the current U.S. directives. President Donald Trump signed a decree in early May that imposes sanctions on individuals as well as foreign banks and companies operating in key sectors of the Cuban economy. These include energy, mining, defense, and financial services.

Although shipping is not explicitly mentioned in the text, shipping companies are compelled to adjust their activities to avoid potential secondary sanctions, as they utilize state port facilities managed by the Cuban Ministry of Defense.

In addition to the embargo in place since 1962, the U.S. has recently tightened restrictions on oil deliveries to Cuba. This has further worsened the economic situation on the island.